Newsroom TransUnion CIBIL


Mumbai, India, 19 April 2023 – Backed by consumption-led lending, growth momentum remains high in India’s credit market, according to the findings of the latest edition of the TransUnion CIBIL Credit Market Indicator (CMI)* report. The report insights indicate that credit demand in the fourth quarter ending December 2022 remained robust, despite challenging global macroeconomic factors. CMI insights indicate a continued trend of consumers aged 18-30 accounting for the greatest share of new credit inquiries, while the share in demand from rural areas has also increased marginally.

The CMI, which provides India’s credit industry with a reliable and contemporary benchmark of retail lending health, reached a level of 100 in December 2022, up from 93 over the same period in 2021.

Speaking on the findings of this edition of the CMI repor...