Education loan book growth India FY 2019-H1 FY 2023, by institution
In the first half of 2023, the non-banking financial companies witnessed a growth of over 43 percent in their education loan book growth. Banks, on the other hand, registered growth of almost six percent. The education loan segment, although, primarily dominated by public sector banks, witnessed a spike in specialized NBFCs focused on the overseas education loan segment in the last five years. The higher loan book growth of NBFCs is mainly driven by this demand for overseas education loans.
