New Delhi, Oct. 31 -- The recent clarifications by the United States on the applicability of H-1B visa petitions for foreign nationals have partly alleviated concerns about the asset quality of the education loan portfolios on non-Banking Finance Companies (NBFCs), said a CRISIL report today.
The US clarification is that the new, increased one-time fee applies only to foreign nationals outside the US. Further, it applies only to new H-1B petitions filed and not to transition from one type of visa to another, such as from F-1 to H-1B.
It brings relief to education-loan-focused NBFCs and other evolving policy uncertainties in the US that require close monitoring.
A key policy under scrutiny is the Optional Practical Training (OPT) programm...