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Banks, NBFCs go slow on CV finance: Sources

Some of the factors for this slowdown are high interest rates, dip in demand and a cut in production by manufacturers Big houses like Tatas and Reliance are delaying payments to the dealers. Payment time to dealers is up from three days to over 10 days. However, Tata Capital has denied any such development. Reliance Capital is also believed to be going slow on financing VW cars since past 10–15 days, report sources. It is learnt that it has asked some Senior Executives of Automotive

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