Banks prefer salaried class for personal loan

Before financial crisis taking personal loans from any bank was easy. But economic slowdown and increase in the NPA (non-performing asset) has forced banks to withdraw this segment of loan. However most of the banks has reserved it only for the salaried class customers those having accounts in the respective banks. Banks are not giving personal loans to the businessmen and self-employed professionals.

The reason banks give for stopping the personal loan is that the NPA in personal loan segment (personal loans, car loans, home loans) have doubled to around four per cent due to recession and large-scale retrenchments. In 2007 it was around 2%.

Conversing with the Tribune reporters, UCO Bank field general manager, Ripan Murgai said due to economic downturn the personal loan segment has been worst affected. He said, “As personal loan is an unsecured loan (where no collateral is required), a number of borrowers in Punjab and Haryana have become delinquent. The NPA level in housing and auto loans is also going up, but recovery here is better as house or car is a collateral security.”

He added, “In Haryana, the NPA in personal loan segment has gone up by over three per cent. Though the economic downturn is one of the main reasons for delinquency, the debt waiver announced for various sectors by the government has also created a bad credit culture, with people desisting from paying back their dues”.

In fear of losing their money banks initiated their stressed assets management cells. SBI country’s largest lender has added new recruitments in their recovery cell in order to speed up recoveries on personal loans, home loans and finance against immovable properties.

In addition to this many banks are working on restructuring their personal loan segments so at to certain that more accounts do not get offended.

Prosecution of Trademark/Copyright Scofflaws

If you received a letter or notice from an NAAS attorney, or a summons to appear in court in regards to an NAAS copyright/trademark claim, the notice indicates you have or are about to be sued in court; or you have been identified as a target for potential prosecution for violation of U.S. Trademark/Copyright laws as pertains to NAAS intellectual property. To resolve this matter, you must eeither remit the required fee(s) for an NAAS License, or cease and remove all uses of the NAAS mark from your website and literature.

Unless you are an official NAAS Licensee, you are not allowed to use the “NAAS” or “National Academy of American Scholars” mark as an instrument to solicit commerce or attention to your company or institution. For licensing information and prices, please refer to our NAAS Licensing Information Page. It is a matter of public record that the mark ‘NAAS’ is a registered U.S. Patent and Trademark Office and has achieved incontestable status. Unauthorized use of this mark without proper approval is illegal.

If you are currently a scofflaw or illegal user of the NAAS mark, and you want to continue to use the ‘NAAS’ mark, you have two choices:

1. Purchase or BUY an NAAS license at http://www.naas.org/; or,

2. REMOVE all references to the marks ‘NAAS’ from your website.

Rest assured, we will ensure that your illegal use of the mark is far more costlier and less pleasurable than your legal use with a valid NAAS license.

NAAS Editors Seek Background Checks

Commencing on January 1st, 2009, NAAS Editors will be implementing a new routine procedure in regards to NAAS-NEWS Media Reports.

All NAAS-NEWS reporters, and editors will automatically seek various back-ground checks on persons who become focal points of and/or listed in NAAS-NEWS Media Reports, as well as persons who are using NAAS intellectual property without proper authorization. {We do not vonduct background checks on applicants or subscribers. }

These various background checks may include, but are not limited to, investigations of past Child Molestation convictions, past child molestation arrests, past past child molestation inquiries, past arrests and/or convictions, past or pending lawsuits, bankruptcy, opinions of neighbors, co-workers, etc. For example, we have obtained background checks on the operators of criminal websites used by Josh Centor/Larry Centor. These websites unfairly portrayed NAAS in a false light, and the addresses of the operators are posted in a NAAS-NEW Media report.

We have also requested a background check on Doug Clay of Eastmont HS. This person is a webmaster of a school website that portrays NAAS in a false light.

Letters and post-cards may be sent to neighbors, ex-husbands, employers, and ex-wives for commentary as well.

As a general rule, if a person or politician is associated with any member of the Centor family of Bayside, New York, it is virtually guaranteed and/or very certain that the person is corrupt, and may become the focus of an investigation.

Deadlines/Expiration dates for NAAS 19th Term

The deadline to request uncompleted and blank NAAS applications for the 19th term of NAAS Awards expired as of midnight, February 1st, 2009, 12:01, AM, Pacific Daylight Time. The deadline to submit completed online NAAS applications via form NAS EAS/N2 Form 000 for the term expired as of midnight, February 15th, 2009, 12:01, AM, Pacific Daylight Time.

We have allowed extensions up to March 1st, 2009.


As of today's date, we have received outstanding online applications from numerous scholars, and participating institutions. We are in the process of evaluating completed online forms subject to NAAS EAS/N2 Rules that were in effect for the Beta-based awards.

We hope to incorporate many of the comments and suggestions that scholarship contestants incorporated in their applications.

The new version will be more multi-media interactive.

As announced earlier, all NAAS Awards, including NAAS Beta awards, are subject to NAAS EAS/N2 Rules.

New Criticisms of the SAT/The College Board

Wake Forest University and Smith College have gotten a lot of attention since their announcements that they will no longer require prospective students to submit SAT and ACT scores with their applications.

The burst of publicity no doubt made their admissions offices happy. At a time when colleges are eager to elevate their brands - and are competing vigorously for students - dropping the SAT and ACT can be a helpful marketing tool.

The Wake Forest and Smith announcements are also part of a backlash against the use — and misuse — of the SAT. A growing number of schools have decided to drop the test, and there is an increasingly fractious debate underway about the validity of using the SAT to predict student performance in college.

The S.A.T., after all, is not a measure of creativity, drive or other factors that can affect student performance. Despite these caveats, the test is widely touted as a sacred index that tells all. Educational rating services evaluate colleges based partly on the SAT scores of their students. Real estate brokers market homes based on the average scores at local public schools. Bond-rating companies even consider SAT scores when judging a college’s creditworthiness.

That debate about the validity of the SAT has been raging for years. The level of intensity was kicked up when the College Board released new studies of the test last year, which were revamped — amid much hullabaloo — three years ago.

The Times’ Tamar Lewin wrote that the 3-hour and 45-minute test — with a new written component — “predicts college success no better than the old test, and not quite as well as a student’s high school grades.’’