Vehicle finance, micro loan NBFCs collections worse hit due to Covid-induced localised lockdowns: IndiaRatings

"Capacity utilisation has dropped significantly to 40%-60% which makes debt servicing a challenge. A similar impact has been seen by vehicles that are involved in tourist services, school bus operations, and local conveyance where a large portion of this book may already be restructured or may have slipped into NPAs," Ind-Ra said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3gLjA1z