LOAN MELA : 32 IIM-B grads defaulters

Bangalore :  you've heard of the fat paychecks Indian Institute of Management (IIM) graduates take home.  You’ve seen hell break loose over the MM Joshi- inspired 80% fee-cut at these premier institutions.  You’ve experienced the debate on the issue of IIM autonomy.

 You haven’t heard at all.

 Canara Bank officials will tell you that some IIM-Bangalore graduates top the list of education loan defaulters, with dues worth Lakhs of rupees.  According to their figures, 32 students have ‘duped’ the bank of Rs 9.7 Lakh after seeking an education loan from their branch at JP Nagar here.

 Three of them have not paid a single rupee, and that’s when 10 graduates have a nominal liability of up to Rs. 10,000.