Tuesday, June 1, 2021

Resurgence of Coronavirus to hurt commercial vehicle loans: Moody’s

"Slowing economic activity in India due to the second wave will constrain commercial vehicle owners' capacity to pay auto loans. As a result, commercial vehicle loan delinquencies will increase in India and collection rates will remain below March levels over the next three to six months," says Dipanshu Rustagi, a Moody's Assistant Vice President and Analyst.

source https://economictimes.indiatimes.com/industry/banking/finance/resurgence-of-coronavirus-to-hurt-commercial-vehicle-loans-moodys/articleshow/83142834.cms

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