Delinquency rate in CV segment rise
22 Oct 2013
Afternoon Dispatch & Courier
Edition: Page 23
Delinquency rates in the commercial vehicle segment may have
increased in the past 6 months, according to a report.
"Delinquencies by a number of CV loan accounts that are more than
30 days outstanding have rose to 13 per cent from around 11 per cent,
a growth of 18 per cent in the first half of 2013," credit
information service provider Equifax Credit Information Services said
in a report.
"In the same period, delinquencies by CV loan accounts that are
more than 90 days outstanding have increased to 3 per cent from 2.5
per cent," the report added.
Equifax Credit Information has over 400 registered members from
various banks, NBFCs and MFIs. It is a joint venture between Equifax
Inc of the US and six domestic financial institutions - Bank of
Baroda, Union Bank of India, Bank of India, Kotak Mahindra Prime,
Religare Finvest, and Sundaram Finance.