Tractor Loan: Magma Fincorp to Improve Tractor Loan Portfolio

Magma Fincorp, a non-deposit taking and non-banking finance company, is working to increase the share of finance to used vehicles even as it wants to cut down the dependence on tractors from 27 percent to 20 percent
Read More

Tractor Loan: Due to Loan Waivers Rise in Tractor Loans Delinquencies

Rating agency Fitch said, Because of loan waivers Delinquencies on tractor loans could rise as other Indian states are likely to follow Uttar Pradesh (UP’s) lead in waiving loans.
Read More

Tractor Loan: Cheerless Outlook for Tractor Loans

Analysts says, the tractor loan portfolio is yet to see recovery, even as monsoons are expected to be above normal this year. This is at a time when overall commercial vehicle (CV) loans have started showing signs of recovery, banking on improved industrial activity.
Read More

Special One Time Settlement Offer for Farmers Struggling with Tractor Loan

The State Bank of India (SBI), Chennai Circle, has given special settlement to farmers who had failed to repay their farm mechanisation and tractor loans through a special one-time settlement offer.
Read More