Tractor Loans
Upbeat on prospects in rural market, DCB Bank focuses on tractor loans
Private sector lender DCB Bank on Thursday said it is seeing a good business prospects from rural areas and wants to focus on "encouraging" tractor loans demand from the farming community. The bank is offering customised loans in Chhattisgarh, Karnataka, Andhra Pradesh, Telangana Madhya Pradesh, Maharashtra, Odisha and Rajasthan, which saw a growth in demand last year. The bank is positive about rural prospects, as evident from sales in Q2 FY21, and is expecting incremental growth in business, DCB Bank said in a release on Thursday. Citing a recent Crisil report that tractor sales were up by 12 per cent in first half of FY21, the lender said good monsoon and higher crop production generally support farm incomes and this in turn provides a fillip to tractor demand. Typically, fortunes of the tractor loan business depend on the vagaries of the weather and the harvest season among other macro and micro variables, it said. "The sale of tractors shows a heartening trend, it has posted
 "Upbeat on prospects in rural market, DCB Bank focuses on tractor loans")
RBL Bank Q3 net doubles to Rs 147 cr on other income, low operating costs
Affordable housing and tractor loans are the new business segments that the bank is entering
 "RBL Bank Q3 net doubles to Rs 147 cr on other income, low operating costs")
L&T Finance: Retail shift slowly playing out, credit cost remains a concern
While disbursements improved in Q3, asset quality trend remains an uncomfortable patch
 "L&T Finance: Retail shift slowly playing out, credit cost remains a concern")
Tractor makers sell 71,740 units in December; up 41 per cent year on year
However, month on month the sales dropped for the second month in a row, after reporting continued growth since April
 "Tractor makers sell 71,740 units in December; up 41 per cent year on year")
HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress
Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs
 "HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress")
Tractor sales cross the 100,000 mark in September; only third time in 3 yrs
Tractor sales had crossed the 100,000 mark in October 2018 and October 2019 previously
 "Tractor sales cross the 100,000 mark in September; only third time in 3 yrs")
Bleak outlook for tractor loans
Poor monsoons in 2014 and 2015 and slower growth in minimum support price over the last two years will continue to weigh on the performance of tractor loans
 "Bleak outlook for tractor loans")
