Speaking on the inauguration of the new building -Expert Residency- of the Expert Educational and Charitable Foundation (EECF), near Kalakunj Road in Mangalore on Sunday, Sambamurthy said that their bank has become a role model for the entire nation for introducing online education loan.
Bank Chairman B Sambamurthy said the Corporation Bank is the first bank in the country to offer online education loan to students for pursuing higher studies
He maintained that “Even the central government has advised all other national banks to follow our bank while introducing online education loan scheme.”
The bank has sanctioned around Rs 400 crore loans to students for higher education, adding to this he said that the bank has shown 45 per cent growth in education loan sector.
The bank has a motto that “none of the deserved students should not be deprived of pursuing higher education just because of lack of money”, he added.
Discussing about the scenario of Human Resources in India, Sambamurthy said that earlier, there was a time when people used to chase companies to get a job.
But now, he pointed out that the scenario has changed most of the national and multinational companies are trying to fill up the vacancies. Recruiting manpower had become a big challenge for companies, he added.
While praising the success of EECF, Sambamurthy said that the wonderful partnership between the Corporation Bank and the institute have produced better result.
“If we are ready to meet the challenges in time, the growth rate, individual as well as national, will double the target,” he asserted.
Deputy Commissioner M Maheshwar Rao stated that standard of excellence was the criteria which depends on the possibility of success.
