Bank relaxes loan norms

THIRUVANANTHAPURAM Aug. 14. The Syndicate Bank has relaxed the norms for its education loans, a bank release said here today. No collateral or third party guarantee will be asked by the bank for education loans up to a sum of Rs. 4 lakhs. For loans exceeding Rs. 4 lakhs up to Rs. 7.5 lakhs, third party guarantee and guarantee of the parent or guardian will be asked by the bank, but no other security. The standard norms will apply for loans beyond Rs. 7.5 lakhs. The bank's education loan scheme covers all courses from school education to super-speciality studies. The scheme offers need-based finance for the entire spectrum of education expenses. For courses within the country, the loan limit is Rs. 7.5 lakhs and for those outside the country, Rs. 15 lakhs. The interest rate is 10 per cent for loans up to Rs. 4 lakhs and 9.5 per cent for those above Rs. 4 lakhs.

SBI's Onam offer

The State bank of India (SBI) has cut the interest rates on housing loans and car loans for the forthcoming Onam festival. In a release here today, the bank said the reduced rates would be applicable only in Kerala for loans taken between August 16 and 28. Housing loans sanctioned during the period would carry an interest rate of 7 per cent and car loans, 8 per cent. The bank is organising an `Onam bonanza' across the State during this period. Builders and automobile dealers who complement the bank's schemes will be brought under one roof during the event. There will be special counters, manned by skilled officials, at each venue of this event to sanction loans on the spot. The `Onam Bonanza' event in Thiruvananthapuram will be at the Women's Club, Kowdiar, from August 15 to 17, the release added.

`Policy on wind energy soon'

KOCHI AUG. 14. The Government will soon announce a policy on harnessing wind energy in the State. This would be part of the initiatives intended to improve the power supply, Lissie Jacob, Principal Secretary (Power), has said. At a seminar on renewable energy, organised by the Institution of Engineers here today, she said though the State's performance was good on several counts such as literacy and medicare, the scenario in the power sector was different. As many as 10 lakh households had no power connection. The Government was keen to develop alternative sources to meet the demand in power sector, she said.

Two students killed in accident

KOLLAM Aug. 14. Two school students were fatally run over by a lorry on the National Highway at the Armed Reserve Police camp junction here this morning. The deceased have been identified as Shal (15) and Praveen Kumar (16), both studying at the St. Aloysius High School here.

Their friend, Vishak (14) is in a critical condition at the Thiruvananthapuram Medical College Hospital (MCH).

The three were crossing the road when the mishap occurred. They were returning from the Quilon Athletic Club after obtaining some sports certificates. At the junction, they were hit and thrown into the middle of the road by a van that came from behind. A speeding lorry, which was coming through the highway, ran over them. Eyewitnesses said there was undue haste on the part of the driver to get the van across the road. In the interim, the van lost control and crashed into a car. In the impact of the crash, the cleaner of the van, Shivachandran, was badly injured and he was admitted to the MCH.

CME programme

KOTTAYAM Aug. 14. The Kottayam district Hospital Clinical club today held a CME programme on Interventional Cardiology and Heart Transplantation. The Malayala Manorama chief editor, K. M. Mathew, inaugurated the programme. The academic session on heart transplantation was addressed by Jose Chacko Periapuram and Sudaya Kuumar. J. Jacob, spoke on interventional cardiology and B. R. J. Kannan spoke on device closure of congenital heart disease.

Award for

P.K. Varrier

THRISSUR AUG. 14. The Managing Trustee of the Kottakkal Arya Vaidya Sala, P. K. Varrier, has been selected for this year's `Achutha Menon Award' instituted by the Achutha Menon Society for Human Action (ASHA). According to a release received here from the ASHA the Vice-Chancellor of the Kerala Agricultural University, K. V. Peter, will present the award to Dr. Varrier at a function to be held here on Monday.

IA baggage


KOZHIKODE Aug. 14. Indian Airlines (IA) has introduced computerised baggage labelling system at the Karipur airport. The automation baggage labelling of registered baggage facilitates printing of the passenger's name, PNR number, number of pieces, weight, destination and flight number, the IA area marketing manager, M. Jyothi Prakash, said.


The Chavara Cultural Centre will organise a quiz competition for Plus Two and college students at Amalapuri here on Independence Day on August 15. Patriotic song competitions will be held for high school students on the same day.

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