Delinquency rates in comm vehicle segment up in H1: Report

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.