Newsroom TransUnion CIBIL

Mumbai, India,
02
November
2023
 Borrower profile and preferences are changing more consumers seeking multiple credit products within short time spanResponsible lending and close monitoring using advanced proactive analytics essential for driving sustained and prudent growthCredit growth for the new-to-credit (NTC) segment declined while that for young population remained stagnant

India’s retail credit market continued to show sustained growth during Q2 2023, with consumption-led demand driving the need for credit. Credit supply (originations) grew at 15% year-over-year (YoY) compared to Q2 2022. Portfolio performance remained mostly stable compared to the same period in the prior year for most products. These were some of the findings of the latest edition of the TransUnion CIBIL Credit Market Indicator (CMI)* report for the quarter ending June 2023.

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