HDFC Bank looks to raise education loan portfolio

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HDFC Bank looks to raise education loan portfolio
HDFC Bank has a definite plan to grow its compare education loan business. The bank, which started offering education loans just about six months back, is aggressively tying up with several education and training institutions to offer loans to students. The bank intends to grow its education loan portfolio significantly in the next few years.

The bank is looking to tap an emerging set of students who are increasingly going for vocational training. "We have already entered into agreements with some 15 such vocational and software training institutes for offering loans to students," HDFC Bank country head for retail assets Pralay Mondal told reporters here on Wednesday.