Newsroom TransUnion CIBIL

30
July
2026

Credit growth in Uttar Pradesh, Madhya Pradesh, Bihar Outpaced That Of Traditional Strongholds Between 2017 & 2026

·       The proportion of eligible Indians who have taken credit at least once has more than doubled from 35% in March 2017 to 74% in March 2026, with credit monitoring[1] jumping from 1% to 35% between March 2018 and March 2026

·       Credit growth is being driven by women, younger borrowers and non-metro regions with growth in Uttar Pradesh, Madhya Pradesh, Bihar outpacing that of traditional strongholds of the west and south

·       Study shows significant opportunity to bring more New-To-Credit (NTC) consumers as well as NTC commercial entities into the formal credit