According to Reserve Bank of India’s (RBI) data, the outstanding portfolio under education loans grew 17% at ₹96,847 crore in the year 2022-23 as against ₹82,723 crore in the previous year.
For the first time in five years, growth in education loans not only turned positive but also registered a 17% surge in the last financial year ended March, 2023.
The NPA in education advances stood at 7.82% of a total outstanding portfolio of ₹80,000 crore at the end of the first quarter of FY23..
Source : Hindu Businessline