They are leveraging their access to low-cost funds and large branch networks to make inroads into both the used-car and usedcommercial vehicle categories where NBFCs have enjoyed the lion's share.
Axis Bank, HDFC Bank, ICICI Bank and YES Bank have partnered with platforms like Rupyy to disburse used-vehicle loans."...as we progress, we will keep increasing our footprint in the used-vehicle segment due to better rate of interest," Anil Bhavnani, senior executive vice president, HDFC Bank, said in a recent webinar.
Data from CareEdge Ratings indicate that banks have around 40% market share in the used commercial vehicle segment while the remaining is held by NBFCs and captive financiers. However, experts estimate that the market share of banks in the segment is lower. Overall, banks hold nearly 56.5% market share in the vehicle loan segment while NBFCs have a 43.5% share.
هذه القصة مأخوذة من طبعة April 03, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة April 03, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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