O R D E R

(10.08.2023)

1. The issue under consideration arising out of the second appeal dated 25.01.2022 include non-receipt of the following information sought by the appellant through the RTI application dated 06.08.2021and first appeal dated 12.10.2021:- (i) Certified copies of bank statement of the Education Loan Nos.

************584 with Kottayam Branch of erstwhile Syndicate Bank from the date of disbursement of the first installment and /or/date of first debit (whichever is earlier) in the respective loan accounts of Ann Mary Babu to

31.07.2021 containing all debits, credits and adjustments if any.

(ii) Give dates on which and amount of education loan installments sanctioned and released to the loanee/education institution.

(iii) Date of capitalization of the interest due on the loan amount on Education Loan No. ************584 and the amount of interest capitalized on completion of course and moratorium period on the loan. What was the total amount (Principal + capitalized portion of interest on principal), tenure and rate of interest considered for calculating the EMI on the above education loan.

(iv) Annual interest debited in each financial year in the loan account mentioned above till the date of capitalization (specified in information No. ii above) and rate of interest rate at which the education loan is charged in each year till the date of capitalisation.

(v) Whether the interest in each year in the loan account mentioned above till the date of capitalization was done on simple interest basis or compound interest basis.

(vi) Give the period of moratorium granted to the loan in Loan No.

************584 before commencing EMI installments.

(vii) Give the rate/quantum of EMI fixed for the Education Loan No.

************584 and the repayment period fixed in months.

(viii) Whether any rescheduling was given during the entire tenure of the education loan; if so specify the amount rescheduled , EMI re-fixed and further extended period if any given.

(ix) While deciding on the rate of interest on education loan in the above loan, any interest rebate was made applicable to girl students availing education loan as envisaged in the Indian Banks circular no. No. SB/10-21/2630 dated February 4, 2009 and also the directives of Govt. of India, Ministry of Finance directives to grant at least 0.50% concession in interest rates on Education Loans to girl students if so whether the rebate is given while calculating and debiting the interest in the above loan account.

(x) Give the amount of total penal interest debited in each education loan account for default in payment of EMI/installments from the date of disbursal of first installment of loan till date (31.07.2021).

(xi) (a) State whether the rate of interest charged on the education loans mentioned above are is fixed or floating as per the signed agreement. (b) If the rate of interest chargeable on the loans are fixed as per the signed agreement, whether it would remain fixed during the entire tenure of the loan i.e. till the loan is repaid fully.

(xii) If the rate of interest chargeable on the loan is floating as per the signed agreement, give conditions governing change(s) of floating rate of interest in the signed agreement.

(xiii) If the loan was changed to floating rate of interest and same was mutually agreed up on by entering into/signing amended conditions thereto, then give the floating rates of interests applicable during the remaining tenure of the loan and the respective periods for which such floating rates were applicable.

(xiv) Give the balance principal outstanding as on the eve of the date on which first such floating rate becomes applicable and balance principal outstanding as on each eve of the date(s) on which subsequent changes in floating rates as and when it was made becomes applicable.

(xv) Certified copies of all the loan documents executed by him along with copies each of all enclosures quoted/referred to in the loan document may be given. It may be noted that as per pa