Nursing, Engineering Tops List of Bad Debts; Education Loan NPAs Declined to 7.6%
2 The percentage of education loans that has become non-performing assets (NPAs) has declined over the past three years. However, surprisingly, nursing and engineering are the top two streams where percentage-wise NPAs are the highest, shows information provided in the Lok Sabha. In a written reply, finance minister Nirmala Sitharaman says, "The NPA level in respect of education loans has come down to 7.61% as on 31 March 2020 from 8.11% as on 31 March 2018." "Reserve Bank of India (RBI), in a circular dated 6 August 2020, provided a framework for resolution of stressed assets to en...
Source: moneylife.in