Commercial Vehicle Financiers Poised For Earnings Upgrade: Prabhudas Lilladher
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Prabhudas Lilladher Report
Our channel checks indicate that commercial vehicle finance business is expected to accelerate on the back of healthy demand conditions, anticipated improvement in supply chain and resilient balance sheets of financiers.
They suggest -
1. disbursements stand 80% of last year levels; Emergency Credit Line Guarantee Scheme provides some boost
2. regulatory dispensations (restructuring/ ECLGS) mask true asset quality picture, but commercial vehicle financiers’ balance sheets remain resilient
3. new business asset quality intact, stress in seasoned book should not last more than two quarters and
4. rural sentiment to lead the recovery.
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