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.
Diese Geschichte stammt aus der April 03, 2024-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 03, 2024-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
‘Lightbox 2.0 will enhance our operational expertise'
Venture capital firm Lightbox Ventures is gearing up to raise a $200million fund. Managing director Sandeep Murthy discusses the company's strategic shift, and future plans in an interview with with Anees Hussain.
Challenges After Childhood Cancer
Young adults typically aspire to achieve financial and emotional stability, seeking a caring and affectionate partner.
Exports Drop 2.4% in Jan, Trade Deficit as Expected
INDIA'S MERCHANDISE TRADE deficit touched $23 billion in January as exports of petroleum products more than halved last month while imports of machinery, raw materials and gold showed significant growth rates.
Misinformation & Myths
Cancer is a complex and often misunderstood disease, and unfortunately, many myths and misinformation surrounding it continue to circulate, causing confusion and fear, usually leading to harmful decisions about treatment and prevention.
Benefits Of Cancer Screening
A recent report in the prestigious Journal of the American Medical Association (JAMA, Dec 5 2024) estimated that in the US, 5.94 million cancer deaths were averted for breast, cervical, colorectal, lung, and prostate cancers combined, of which, cancer prevention and screening efforts averted 8 of 10 of these deaths (4.75 million averted deaths).
India to build first offshore airport
To come up on an artificial island near Mumbai
DeepSeeking AI Action Summit
Even though America signed the 2015 Paris Climate Summit, they continued to feel uneasy about it.
Jio-bp to expand retail infra, EV charging units
Scaling Up
Exports drop 2.4% in January
THE CURRENT ACCOUNT deficit (CAD) has been contained at 1.2% of GDP in the second quarter of 2024-25 due to higher services export earnings.
Higher bank deposit cover on the cards
THE GOVERNMENT IS \"actively considering\" a higher insurance cover for bank deposits from the ceiling of ₹5 lakh fixed less than five years ago, department of financial services (DFS) secretary M Nagaraju said on Monday.
