Education Loan Defaulters Disqualified From Applying For SBI Jobs: Court

Madurai bench of the Madras High Court has issued a notice to the State Bank of India ordering that applicants defaulting on loan payments should be disqualified and barred from applying for jobs at the bank. In its recruitment drive for Probationery Officers, Junior Associates and Junior Agricultural Associates, the bank has said those who have defaulted on loan repayments, even for credit cards, will not be eligible to apply. The decision has left many like Ravi Kumar – a young engineer from Chennai – shattered. Ravi has still not…

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SBI PO recruitment 2017: No place for defaulters and fraudsters

The State Bank Of India (SBI) recently released a recruitment notification for filling in probationary officer (PO) and clerk posts. The government-owned corporation is looking at filling up 2313 posts. In a surprising move, the Indian multinational, public sector bank and financial services company has tweaked the eligibility criteria for this recruitment drive.   Applicants who have defaulted in repayment are ineligible to apply for PO or clerical posts. In another criteria, candidates with bad conduct character report in their name are also not eligible to apply either. Any pending…

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As Of Nov, More Than 1.5 Mil PTPTN Loan Defaulters Listed In CCRIS

KUALA LUMPUR: A total of 1,574,700 borrowers who failed to pay off their study loans from the National Higher Education Fund Corporation (PTPTN) have been listed in the Central Credit Reference Information System (CCRIS) as of 10 November, Bernama reports. Deputy Higher Education Minister, Datuk Dr. Mary Yap Kain Ching said today that the overall amount of the loans unpaid stood at RM32.07 billion. Dr Yap said CCRIS is not a mechanism used by PTPTN to blacklist loan defaulters as claimed by some quarters, stressing that PTPTN had issued loans…

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Over 1.5 million education loan defaulters listed in CCRIS

KUALA LUMPUR: A total of 1,574,700 borrowers, who failed to repay their National Higher Education Fund Corporation (PTPTN) loans totalling RM32.07bil, have been listed in the Central Credit Reference Information System (CCRIS) as of Nov 10. Deputy Higher Education Minister Datuk Dr Mary Yap Kain Ching said CCRIS was not a mechanism for PTPTN to blacklist the hardcore borrowers as claimed by certain quarters. “The record in the CCRIS serves as the best practice for all financial institutions to ensure that the borrowers repay (their) loans accordingly,” she said at…

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