The loan is assured by Ola and its subsidiaries engaged in ride-hailing companies, the assertion said. Data offered by the Finance Industry Development Council , reveals that in H1 FY22, loans worth INR 63,669.84 crore were disbursed to the auto sector compared to INR 43,564.seventy seven crore in the identical period a year ago, up 46.15%. A sequential reduction in gross NPA was also seen quarter-on-quarter. “Continued world supply chain disruption is one major issue behind the sluggish information,” Finance Minister Hong Nam-ki stated, referring to the auto chip shortage.
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