When it comes to worth of the loans prolonged, non-public sector lenders have the biggest share at 41.four per cent, international banks accounted for 24.four per cent and state-owned lenders got here third with 19.6 per cent share, the report ready by the corporate in affiliation with Sidbi stated.
The auto business had been dealing with issues due to the autumn in financial progress and regulatory adjustments earlier than the pandemic itself.
From an asset high quality perspective, the non-performing property (NPA) ratio on the loans taken by auto and auto parts business declined to 9.59 per cent as of June 2020, the report stated.
It may be famous that beginning March 2020, the RBI had given a six-month moratorium on mortgage repayments and allowed lenders to not acknowledge non-payments as NPAs. After the tip of the reduction interval, the Supreme Courtroom had ordered a standstill on mortgage recognition.
Out of the overall credit score availed by the auto and auto parts sector, time period loans represent 48 per cent, adopted by working capital loans at 33 per cent and different funded credit score amenities at 18 per cent, it stated.
As of June 2020, NPAs of time period loans stand at 14.7 per cent whereas the identical for working capital loans had been at 5.2 per cent, the report stated.
There have been complete 1.29 lakh debtors within the sector as of June, it stated, including that by way of variety of loans availed, 91 per cent was by micro, small and medium enterprises.
The general credit score excellent to the business went up by 1 per cent within the June quarter to Rs 1.13 lakh crore, which is 12 per cent of the sectoral turnover of Rs 9.four lakh crore.
The highest eight vehicle clusters collectively represent 80 per cent of the credit score portfolio as of June 2020, it stated.