But they say that application volumes haven’t dropped just yet, though it is expected to be impacted going ahead
Indian banks are taking a cautious approach while reviewing loan applications from students looking to pursue education in Canada, given the recent diplomatic tensions between the two nations. Worries concerning visa opportunities and a less hospitable environment might prompt certain students to rethink their educational choices, said Ankit Mehra, Co-founder and CEO, GyanDhan, Delhi-based education financing marketplace.
The diplomatic tension escalated when Canadian Prime Minister Justin Trudeau accused India of involvement in the assassination of a Khalistani terrorist. India vehemently denied the allegation and temporarily suspended visa services for Canadians.
“In view of growing anti-India activities and politically condoned hate crimes and criminal violence in Canada, all Indian nationals there and those contemplating travel are urged to exercise utmost caution,” the external affairs ministry said in a statement on September 20.
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