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Commercial Vehicle Lenders See Prolonged Stress Due To Covid, Fuel Prices
Rising fuel costs, coupled with the lingering impact of the Covid crisis, have meant a prolonged period of pain for CV lenders.
22 Jul 2021, 09:38 AM IST
Commercial vehicle lenders, who were hoping to see a recovery in their portfolios just a few months ago, are now bracing for another round of stress as elevated fuel prices add to the woes of fleet operators.Lenders have seen lower collections and slower recovery from the segment in the April and June quarter, according to bankers and analysts. The impact of this could be felt by both banks, with exposure to this segment, and non-ban...
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