Banks pull back car loans to Ola, Uber taxi drivers on falling income3 min read . Updated: 26 Apr 2017, 08:47 PM IST
A fall in incomes of taxi drivers of Ola and Uber, courtesy lack of incentives, have prompted banks to increase scrutiny on car loan disbursements
Mumbai/Bengaluru: A fall in incomes of taxi drivers who work with cab aggregators Ola (ANI Technologies Pvt. Ltd) and Uber (Uber Technologies Inc.) have prompted some of India’s top banks to pull back on car loans to them and tweak underwriting norms.
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