• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, April 10 State Bank of India is offering a cash award of Rs 1,001, along with an education loan, to 1 lakh HSC students in 10,000 rural schools across the country, under its ‘SBI Talent Awards’ scheme. The students who will receive the awards will be given the option to open a savings account with the bank, with Internet facilities and an ATM card.

SBI has apportioned Rs 10 crore for the scheme which was launched in Mumbai today by Mr O.P. Bhatt, Chairman, State Bank of India.

The bank will also sanction, in-principle, an education loan to the rank holders for pursuing higher education. There is no time frame for the student to avail himself of this loan, said Mr Shyamal Acharya, Chief General Manager, Rural Business, SBI.

The awards will be conferred on the top three rank holders of the schools under each stream viz., science, arts and commerce.

More Stories on : Credit Market | Education | State Bank of India

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Conciliation better than confrontation

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line