As per the market sources, the continuing slowdown in the industrial sector along with unresponsive private consumption and rising diesel prices are likely to increase the stress in the commercial vehicle loan segment.
CV
operator’s margins are expected to shrink if there is further rise in diesel
prices.
Stable
outlook was maintained both on asset performance and Asset Based Securities
(ABS) transactions backed by tractor loans as the farm borrowers continue to be
aided by a stable rise in minimum support prices, favourable rains and rural
development initiatives.
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