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According to RBI data, the outstanding portfolio under education loans grew _____ at ₹96,847 crore in the year 2022-23.
A)
11%
B)
15%
C)
17%
D)
19%

Correct Answer :   17%


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

Published On : June 15, 2023
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