MUMBAI : India’s largest private sector lender HDFC Bank is closely tracking developments in the commercial vehicle space, which it says has been impacted by the hike in diesel prices. “The bounce rate essentially has held up in the portfolio. He added that while the overall bounce rate has not gone back to pre-covid-19 level, there has been a “pretty good recovery in June" and in July as well. “This has been the quarter where things were not the most orderly because of the second wave that hit us. It was all very encouraging till the second wave hit sometime in April.

Source: Mint July 18, 2021 06:33 UTC