Corporation Bank and Indian Institute of Management, Ahmedabad signed a MoU to help students get educational loans to pursue for higher studies.
The bank and the institute have mutually agreed to have tie-up arrangement for the students to pursue higher studies by availing educational loans from the Bank.
According to a bank release under the MoU, both Corporation Bank and IIMA will work in close coordination through their branches/office. The institute will recommend the bank as a preferred financier for granting education loans to its bonafide students pursuing regular full time academic program and the bank will accept its nomination as a preferred financier for education loans.
The bank release stated, "Apart from education loan, the bank also extends assistance for purchasing accessories such as laptops and personal computers to aid students in their studies".
At the time of discussion IIMA showed keen interest in the "Branchless Banking" model developed by the Bank, which aims to take technology to the remotest villages of the country for providing banking facility.
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