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Name of Lender Facility/Instrument Amount (Rs. Crore)
HDFC Bank Limited Fund/Non Fund-based Limits 50
State Bank of India Fund/Non Fund-based Limits 150
DBS Bank Limited Fund/Non Fund-based Limits 125
Kotak Mahindra Bank Limited Fund Based Limits 170
MUFG Bank Limited Fund Based Limits 150
Axis Bank Limited Fund Based Limits 100
State Bank of India Fund Based Limits 100
Standard Chartered Bank Fund Based Limits 5
ICICI Bank Limited Non Fund-Based Facilities 50
Kotak Mahindra Bank Limited Non Fund-Based Facilities 20
Standard Chartered Bank Non Fund-Based Facilities 5
Not Applicable Unallocated Limits 35

*July 02, 2025


The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of VE Commercial Vehicles Limited rated by ICRA. To access the previous rating rationale: Click Here.


This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.