Financial Daily from THE HINDU group of publications
Monday, Feb 14, 2005
Financial Daily from THE HINDU group of publications Monday, Feb 14, 2005 |
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Money & Banking
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Consumer Finance Andhra Bank pact with BITS Our Bureau
HYDERABAD: Andhra Bank has signed a memorandum of understanding with Birla Institute of Technology and Sciences (BITS), Pilani, to provide educational loans as `preferred financiers' to the students. The bank sanctioned educational loans to the tune of Rs 720 crore," Mr R. Balakrishnan, Executive Director of the bank, said here in a press release. As many as 36,000 students got loans from the bank so far. Prof. S Venkateswaran, Vice-Chancellor of BITS, asked the bank to fund incubation projects taken up by students. "This will help them become entrepreneurs," he added.
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