Auxilo Finservice targets ₹50-crore education loans in 3 months

HYDERABAD, DEC 22:   Mumbai-based Auxilo Finservice Private Ltd, a new NBFC on the block, is all set to begin disbursal of education loans. “We are now commencing loan disburals from Hyderabad and Mumbai. Before March 31, 2018, we will expand to Bengaluru, Chennai, Delhi and Pune,’’ Neeraj Saxena, Chief Executive Officer, told newspersons here. Target In the next three months, Auxilo hopes to disburse ₹50 crore and is targeting to lend ₹350 crore by the end of the next financial year. During the financial year 2016-17, eduction loans totalling ₹20,000…

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Education loan defaults soar 47% on weak job market

HIGHLIGHTS A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks. Non-performing assets soared by almost 47% between March 2015 and last March, data shared in Parliament showed. The problem is so acute for at least five lenders that the stock of bad loans has more than doubled. NEW DELHI: A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks with non-performing assets soaring by almost…

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Rising NPAs in education loan add to banks stress

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA. The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega…

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Get a crash course in the basics of cryptocurrency for $20

Most years, December is the time you justify your procrastination by gift shopping, reviewing essential “Best Of” lists, and planning extremely well-deserved holiday vacations. However, in staying true to its persistent weirdness, 2017’s December made cryptocurrency one of the trendiest, most distraction-worthy subjects of the year. While a single bitcoin reached nearly $20,000 in value, many other cryptocurrencies saw similarly optimistic gains, and the news cycle turned towards teenage millionaires. Like, what is this world we live in? If you’re one of those people who invested early and are reaping the benefits, then…

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From Jeff Bezos’s advice to discussing salary in an interview: Suzy Welch’s top 6 career tips of 2017

limbing the career ladder is no easy feat. After all, even the most experienced professionals face confusion about how to get ahead in the workplace. However, according to bestselling management author and CNBC contributor Suzy Welch, there are a few key steps you can take to ease your journey and ensure that your career stays on track. From offering year-round tips about how to negotiate, interview and excel at work, below are the best pieces of career advice Welch recommended in 2017. Suzy Welch: Here’s how to answer the interview question,…

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5 tricks to fast-track your career in 2018 from a 26-year-old CEO

After Brian Wong graduated college at age 18, he co-founded a company that received more than $32 million in venture capital funding and landed clients like McDonald’s and Pepsi. The now 26-year-old CEO and start-up co-founder of mobile advertising app Kiip used a series of career “cheats” to fast-track his success, which he describes in his book, “The Cheat Code.” Here are a few of Wong’s more than 70 tips professionals can use in 2018 to advance their careers: Source: Crown Business | Penguin Random House Brian Wong, co-founder and CEO of Kiip. 1. Use…

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7 Social Media Trends That Will Dominate 2018

How do you plan on socializing next year? How do you plan on reaching your target audience, who will be socializing with each other, next year? By default, we underestimate how our lives will change in the future. We tend to think of next year as ending more or less the same as this year (with the exception of any personal plans you might have). In addition, we tend to underappreciate the progress of technology, at least on a smaller scale. That’s because our favorite social media apps tend to roll…

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Rising NPAs in education loan add to banks stress

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA. The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega…

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4 books to make you smarter about your career in 2018

While it’s tempting to stream your favorite show in your down time, reading a helpful book instead can give you the tools you need to actually achieve your goals. Billionaires such as Warren Buffett, Bill Gates and Elon Musk credit much of their success to reading and learning. As Tesla and SpaceX founder Musk recently told Rolling Stone, “I was raised by books. Books, and then my parents.” Here are four reads that will help you make 2018 a year you accomplish something meaningful in your work life: 1. “Believe It to Achieve It” by Brian…

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Five Unexpected Career Resolutions You Should Make In 2018

The New Year is coming, and you’re making a list of resolutions. And if you’ve got a few related to your career, you might want to consider ditching the typical to-dos and adopting these more unconventional resolutions instead. WORK LESS If you’re shooting for a raise or promotion next year, you might be thinking about putting in longer hours to prove your worth. But Doug Ringer, president of Fort Collins, Colorado-based business consultancy Doug Ringer Consulting, says it’s a better idea to “get a life.” Ringer has worked with leaders at…

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