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.

from Banking/Finance-Industry-Economic Times https://ift.tt/3yLUTJk