August 6, 2020

Auto

The loan is guaranteed by Ola and its subsidiaries engaged in ride-hailing providers, the statement said. Data supplied by the Finance Industry Development Council , reveals that in H1 FY22, loans worth INR sixty three,669.eighty four crore were disbursed to the auto sector in comparability with INR 43,564.seventy seven crore in the identical period a year ago, up forty six.15%. A sequential discount in gross NPA was also seen quarter-on-quarter. “Continued world provide chain disruption is one major issue behind the sluggish data,” Finance Minister Hong Nam-ki stated, referring to the auto chip scarcity.

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