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What do banks mean by `recognized' and `reputed' institutions? - 5-Mar-2008
`Recognized' institutes refer to those that are affiliated to the State/Central universities and come under the Central government's University Grants Commission (UGC) programs or the All India Council on Technical Education (AICTE). The majority of the colleges fall within the ambit of the UGC and AICTE. `Reputed' institutes are those that are pretty well-known and have standard courses of repute. The definition of `reputed' institutions might vary with banks, which usually have a list of colleges and institutions that they consider reputed. Hence, you need to check with the bank whether it will finance courses run by that particular college/institute.
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