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Last Updated : Jul 23, 2019 05:43 PM IST | Source: Moneycontrol.com

Reporter's Take | Is the auto sector slowdown spilling over to the banking system?

Kotak Mahindra Bank said on July 22 that auto loans which form 8 percent of its consolidated advances are witnessing a demand in slowdown.

Moneycontrol News @moneycontrolcom

The Indian automobile sector, which has been hit with a slowdown in sales since 2018, has also seen cuts in production volumes. Industry data released earlier in July reflected a decline of 12.34 percent in vehicle sales in June.

Kotak Mahindra Bank said on July 22 that auto loans which form 8 percent of its consolidated advances are witnessing a demand in slowdown.

Moneycontrol's Stanford Masters gets in a conversation with Parnika Sokhi to understand whether the slowdown in the auto sector is spilling over the banking sector.

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First Published on Jul 23, 2019 05:43 pm
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