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According to Fitch Ratings demonetisation has affected repayment of auto loans

According to Fitch Ratings demonetisation has affected repayment of auto loans

Friday, January 27, 2017, 12:23 PM

Repayment of Indian auto loans got affected by demonetisation and it would take a couple of months for collections to come back to normal levels, said global credit rating agency Fitch Ratings. All Fitch-rated transactions are currently able to withstand a 30% drop in collections for a minimum of eight months and an average of 22 months, the rating agency said.
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