Covid effect: Delinquencies in retail space start spiking

By: |
October 24, 2020 10:10 AM

Early reports indicate wide variances with credit cards seeing 17%, two-wheelers at 21% and MFI and CVs at more than 10%.

Sometimes the financer may call for a guarantor. The trucks you purchase will be hypothecated to the institution.

Early reports indicate wide variances with credit cards seeing 17%, two-wheelers at 21% and MFI and CVs at more than 10%.

If other private banks were to witness similar trends, CS estimates this would translate into a delinquency of 5-10% of their consumer loan books.

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