Commercial Vehicle loan defaults rise
22 Oct 2013
Edition: Page 20
Defaults on borrowings by commercial vehicle buyers have risen 20% in
the first half of current fiscal, according to a report by credit
bureau firm Equifax Credit Information Services Pvt. Ltd.
Delinquency rate, a key measure of the quality of outstanding loans
used by banks and non banking financial companies (NBFCs), has
increased for commercial vehicle loans in the past six months, Equifax
credit said in a statement on Monday.
According to the data, delinquencies by the number of CV loan
accounts that are more than 30 days outstanding have increased by 18%,
from 11% to 13% of the loan accounts in the first half of 2013.