India’s biggest money lender – SBI (State Bank of India ) is contemplating to cut interest rates on education loans. SBI’s chairman Pratip Chaudhuri said on Monday (13th Feb,2012) that the bank would go for a rate cut in education loans along with other loan categories. However he did not disclosed the percentage point cut.

SBI Student Loan Scheme

Loan Amount  Rate of Interest (w.e.f. 10.10.2011)
For loans upto Rs.4 lacs 3.75% above Base Rate, currently 13.75% p.a.
Above Rs.4 lacs and upto Rs.7.50 lacs 4.25% above Base Rate, currently 14.25% p.a.
Above Rs.7.50 lacs 2.25% above Base Rate, currently 12.25% p.a.

(0.50% concession in interest for girl student)

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“Jobs are back again. Job options would increase manifold in coming time because of revival of Indian Economy has started”. This is stated by Mr. Ashok Grover, Renowned HR Consultant and Former Director, HR, Ajay Piramal Group, in a seminar held at Aryans Business School (ABS). The seminar was organized on the topic “Challenges before HR: Revival of Indian Economy”. The event was presided over by Anshu Kataria, Chairman, Aryans Group of Institutes (AGOI). Around 350 MBA Students of Aryans Group of Institutes attended the Seminar.

It is to be mentioned that Mr. Ashok Grover is the Ex-Director of Parle Group, Mohan Meakins Group, Hawkins Cookers and lastly Jai Bharat Maruti BM Group.

Mr. Ashok Grover said that companies have started analyzing environment and using techniques like Redesigning Salary Packages, Strategic Cost Cutting etc. Companies are using these techniques to strengthen their talent pool. He also enlightened the students on Professional Value Enhancement Programme and Training Quotient (TQ). He also added that we expect a dramatic upturn and steady climb in the number of job opportunities over the coming years as marketplace is regaining its confidence.

Wing Cdr. D.P. Sabharwal, Retd. Director, Aero Academy, Chandigarh addressing the students of Aryans Business School

While interacting with the students Wing Cdr. D.P. Sabharwal, Retd. Director, Aero Academy, Chandigarh emphasized on quality of Human Capital and apprised the students about the myths about quality and importance of planning in quality management.

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