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Credit penetration and participation of women consumers has rapidly increased in India’s credit market
MUMBAI, March 5, 2020: TransUnion CIBIL’s latest insights show that share and participation of Indian women consumers is increasing rapidly in India’s credit sector with 30 million women borrowers gaining access to credit products*. The share of women borrowers to total borrowers stood at ~26% as on Sep-19, up from ~21% in Sep-13.
Speaking on these findings the Chief Operating Officer of TransUnion CIBIL, Ms. Harshala Chandorkar said, “ The significant increase in the number of women who are seeking credit products is a promising indicator of the evolution of India’s credit market which has enabled increased economic opportunities for women borrowers. Financial institutions must unlock the significant potential that lies in customizing product constructs for women borrowers to further drive business growth and enable greater custome...