Delinquency rates in comm vehicle segment up in H1: Report

Written By Unknown on Senin, 21 Oktober 2013 | 21.03

Oct 21, 2013, 07.06 PM IST

Delinquencies by a number of CV loan accounts that are more than 30 days outstanding have rose to 13 percent from around 11 percent, a growth of 18 percent in the first half of 2013, said credit information service provider Equifax Credit Information Services.

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Delinquency rates in comm vehicle segment up in H1: Report

Delinquencies by a number of CV loan accounts that are more than 30 days outstanding have rose to 13 percent from around 11 percent, a growth of 18 percent in the first half of 2013, said credit information service provider Equifax Credit Information Services.

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Delinquency rates in comm vehicle segment up in H1: Report

Delinquencies by a number of CV loan accounts that are more than 30 days outstanding have rose to 13 percent from around 11 percent, a growth of 18 percent in the first half of 2013, said credit information service provider Equifax Credit Information Services.

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Delinquency rates in the commercial vehicle segment have increased in the past six months, according to a report. "Delinquencies by a number of CV loan accounts that are more than 30 days outstanding have rose to 13 percent from around 11 percent, a growth of 18 percent in the first half of 2013," credit information service provider Equifax Credit Information Services said in a report.

Equifax findings are based on data submitted by its lenders who are it's members. "In the same period, delinquencies by CV loan accounts that are more than 90 days outstanding have increased to 3 percent from 2.5 percent," the report added. Equifax Credit Information has over 400 registered members from various banks, NBFCs and MFIs. It is a joint venture between Equifax Inc of the US and six domestic financial institutions - Bank of Baroda , Union Bank of India , Bank of India , Kotak Mahindra Prime, Religare Finvest, and Sundaram Finance . Equifax entered the country in September 2010.


On October 21, 2013, Bank Of Baroda closed at Rs 566.80, up Rs 12.35, or 2.23 percent. The 52-week high of the share was Rs 899.65 and the 52-week low was Rs 429.25.

The company's trailing 12-month (TTM) EPS was at Rs 106.73 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 5.31. The latest book value of the company is Rs 756.64 per share. At current value, the price-to-book value of the company was 0.75.

Tags: Delinquency rates, commercial vehicle segment, CV loan, Equifax Credit Information Services, NBFCs, MFIs, Bank of Baroda, Union Bank of India, Kotak Mahindra Prime, Religare Finvest, Sundaram Finance

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