State-wise educational loan outstanding of Public Sector Banks

State-wise educational loan outstanding of Public Sector Banks

The Government receives suggestions and representations highlighting the requirements of students in availing education loans, under the Model Educational Loan Scheme of Indian Banks’ Association (IBA). These are forwarded to Banks for corrective action.

Keeping in view the needs of the students and suggestions received from the stakeholders the Scheme is modified by Indian Banks Association (IBA) from time to time. The last such revision was made in September, 2012.


The outstanding education loans by Public Sector Banks has increased from Rs.35,855 crore in 19.11 lakh accounts as on last reporting Friday of March, 2010 to Rs.52,982 crore in 25.09 lakh accounts as on 31.12.2012. State-wise details, including for Kerala, is Annexed.

State-wise educational loan outstanding of Public Sector Banks

( Amount in Rs crore ) ( No. of A/Cs in actual)

As on the last reporting Friday of March

	2010		2011		2012		As on 31.12.2012**
State/Union Territories	No.of Accounts	Balance O/S	No.of Accounts	Balance O/S	No.of Accounts	Balance O/S	No.of Accounts	Balance O/S
NORTH EASTERN REGION	15502	375.1	17875	431.48	20071	510.36	25810	634.7
Assam	11166	267.6	12941	303.82	14489	363.13	15868	398.41
Meghalaya	930	22.22	1257	29.51	1445	34.5	1735	44.65
Mizoram	439	16.37	585	21.22	664	23.92	753	27.66
Arunachal Pradesh	463	10.03	372	8.29	476	10.54	539	12.41
Nagaland	239	6.38	336	8.54	361	9.57	3139	62.9
Manipur	1259	31.86	1164	35.28	1057	36.38	1160	35.13
Tripura	1006	20.64	1220	24.82	1579	32.33	2616	53.54
EASTERN REGION	188325	3841.58	239414	5064.19	259993	5922.57	333929	8150.42
Bihar	43395	939.44	62597	1380.69	78733	1799.2	88851	2283.63
Jharkhand	31620	687.61	38088	927.45	41552	1086.17	47946	1273.92
West Bengal	60456	1195.03	72617	1373.54	71378	1512.76	69558	1627.94
Orissa	52158	1002.88	65289	1363.94	67008	1474.88	69530	1695.2
Sikkim	346	9.25	338	8.53	382	16.44	6353	115.69
Andaman& Nicobar	350	7.37	485	10.05	940	33.12	51691	1154.04
CENTRAL REGION	213087	4127.73	240483	4863.77	252846	5445.27	266631	6255.29
Uttar Pradesh	109450	2287.8	126071	2790.72	136448	3095.02	143486	3572.67
Uttarakhand	19725	396.69	22795	502.06	24536	560.06	25933	633.41
Madhya Pradesh	72378	1195.17	76968	1289.16	76773	1477.34	81478	1711.02
Chattisgarh	11534	248.07	14649	281.83	15089	312.86	15734	338.19
NORTHERN REGION	159588	3962.4	174427	4239.92	182914	4526.94	188457	4894.98
Delhi	36187	1155.04	36445	1096.2	36362	1104.9	33661	1079.19
Punjab	30388	774.18	32700	831.35	32578	898.04	33169	941.7
Haryana	30181	693.54	33815	769.41	36546	834.5	38976	970.23
Chandigarh	5895	178.02	5905	182.81	5977	194.54	5477	181.87
Jammu & Kashmir	3523	91.32	3672	93.26	3774	93	4160	105.89
Himachal Pradesh	10254	194.6	12282	248.81	13827	279.86	14535	311.34
Rajasthan	43160	875.71	49608	1018.09	53850	1122.1	58479	1304.76
WESTERN REGION	169524	4146.68	186269	4325.97	198923	5087.41	216641	5325.32
Gujarat	40520	1166.44	43780	1108.43	44221	1200.43	44661	1207.99
Maharashtra	125063	2882.58	138197	3122.21	150829	3789.26	167335	3995.13
Daman &Diu	440	13.57	245	4.11	97	2.89	624	17.12
Goa	3362	80.57	3481	84.31	3588	89.29	3810	99.07
Dadra & Nagar Haveli	139	3.52	566	6.9	188	5.54	211	6.01
SOUTHERN REGION	1165397	19401.18	1353076	22416.5	1458356	25234.93	1477479	27721.54
Andhra Pradesh	215832	4761.77	218054	5008.1	213281	4988.98	154765	4022.32
Karnataka	156179	2814.7	167291	3103.71	167517	3402.17	179571	3633.15
Lakshadweep	14	0.16	15	0.23	24	0.36	230	3.7
Tamilnadu	555223	7111.79	689094	9234.2	786634	11265.55	831651	13043.35
Kerala	228395	4576.67	267703	4903.62	278992	5376.3	296992	6743.6
Pondicherry	9754	136.09	10919	166.64	11908	201.57	14270	275.42
TOTAL	1911423	35854.67	2211544	41341.84	2373103	46727.48	2508947	52982.25

Source: RBI. **
Source: PSBs (Data is Provisional)

The above detailed information was submitted by the Minister of State for Finance Shri. Namo Narain Meena in the Lok Sabha on 8th March, 2013.

Impacts of two days Banks Strike on 20th & 21st Feb, 2013

Impacts of two days Banks Strike on 20th & 21st Feb, 2013

While answering to a question regarding the strike on 20 and 21 Feb 2013 in the Parliament, Minister Namo Narain Meena said that 'It is not possible to quantify the loss of business, however, the inconvenience caused to the public was minimized with the functioning of the ATMs and internet banking'...

"United Forum of Bank Unions (UFBUs) gave a notice of strike for two days on 20th & 21st February, 2013 on the following issues and demands: 

(i) In support of the 10 point Charter of Demands of Central Trade Union; 

(ii) Control alarming price rise; 

(iii) Hands off trade union rights; 

(iv) Stop Banking Reforms; 

(v) Stop outsourcing; 

(vi) Early wage revision; and 

(vii) Settle pending issues like compassionate appointment scheme. 

Wage revision in Public Sector Banks is through a bipartite settlement between the representatives of bank employees and management. On the notice for strike, a conciliation meeting of UFBU with Indian Banks Association (IBA) was held at the office of Chief Labour Commissioner, New Delhi wherein UFBU was appealed not to resort to strike and to sort the issues amicably and avert the strike. However, UFBU decided to go ahead with two days strike on 20th & 21st February, 2013. 

It is not possible to quantify the loss of business, however, the inconvenience caused to the public was minimized with the functioning of the ATMs and internet banking".

Public Sector Bank Employees Pension Scheme

Public Sector Bank Employees Pension Scheme

Public Sector Bank(PSB) employees pension scheme : Public Sector Banks employees, who have joined on or after 1.4.2010 are covered under New Pension Scheme (NPS) and , the employees of State Bank of India, who have joined on or after 1.8.2010 are covered under New Pension Scheme (NPS).

The below detailed information was presented as a written reply to a question in Lok Sabha by the Minister of State for Finance Shri.Namo Narain Meena on 8.3.2013.

"Most of the employees of various Public Sector Banks (PSBs) are covered under Bank Employees Pension Regulations pronounced in 1995. Employees who did not opt for pension scheme are continuing under Contributory Provident Fund. Employees who have joined on or after 1.4.2010 are covered under New Pension Scheme (NPS). Employees of State Bank of India are covered under SBI Pension Fund Rules which came into existence in 1955. Employees joining State Bank of India on or after 1.8.2010 are covered under New Pension Scheme (NPS).

Employees of Regional Rural Banks cannot be included in the prevailing Pension Schemes of the PSBs since they belong to different organisations.

National Bank for Agriculture and Rural Development( NABARD) has framed a draft Model Pension Scheme and Regulations on the above lines for introducing pension for RRBs which envisages RRBs to decide on introduction of pension for its employees at par with nationalised banks taking inter alia their financial position into consideration".