• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India – Canada Diplomatic Tension Not To Impact Education Loan NBFCs

OMMCOM NEWS by OMMCOM NEWS
October 16, 2023
in Business

Chennai:  The diplomatic tension between India and Canada will not impact the non-banking finance companies (NBFC) focused on education loans, said credit rating agency CARE Ratings.

On the other hand, the rating agency expects the sector to continue to grow as students are more likely to seek alternative destinations for their education rather than postpone their academic pursuits.

“The Assets Under Management (AUM) of retail education loans provided by CARE Ratings-rated specialised education loan NBFCs to students pursuing education in Canada exhibited significant growth, escalating from Rs 1,426 crore as of March 31, 2021, to Rs 5,183 crore as of June 30, 2023, constituting 19.8 per cent of their total AUM as of June 30, 2023,” CARE Ratings said in a report.

According to the report, as of December 31, 2022, Indian students comprise 39.5 per cent of the total international student population in Canada. Notably, in terms of geography, Canada is the second-largest retail education loan portfolio outstanding for specialised education loan NBFCs, with the US being the only country ahead.

Given that Indian students account for 40 per cent of international student enrollments in Canada and contribute approximately CAD 10 billion annually to the Canadian education sector, CARE Ratings does not foresee any adverse actions that would significantly impact this segment, the report notes.

(IANS)

Tags: NBFC
ShareTweetSendSharePinShareSend
Previous Post

Bhim Army Man Throws Ink At Maha BJP Minister; 2nd Instance In 2 Months

Next Post

SC Rejects Plea By Married Woman To Terminate 26-Week Pregnancy

Related Posts

Business

GST Reforms To Stimulate Consumption Without Derailing Govt’s Fiscal Consolidation: Moody’s

September 10, 2025
Business

Sensex, Nifty Jump Over Positive Development On India-US Trade Talks

September 10, 2025
Investment
Business

UK-India Report On Infra Highlights Strong Progress In Investment

September 9, 2025
Business

GST Rate Cut Set To Spur Growth In Electronics Sector

September 9, 2025
GST
Business

Two-Wheeler Industry Passes Full GST Cut Benefits

September 9, 2025
Business

India’s Fitness Market Revenue To Grow By 15 Pc Annually, Reach Rs 37,700 Cr By 2030: Report

September 9, 2025
Next Post

SC Rejects Plea By Married Woman To Terminate 26-Week Pregnancy

Women's T20 Games At CWG Played A Key Role In Getting Cricket An Olympic Berth In LA 2028

No Child Sexual Abuse Material Detected On Our Platform: YouTube After MeitY Notice

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.