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Mumbai, January 15, 2020 – Continued consumer credit growth, concentrated in consumption lending categories including credit cards and personal loans, is the headline finding of the newly-released TransUnion CIBIL CY Q3 2019 Industry Insights Report. During the period, growth in the wider market continued to cool and overall delinquency rates showed a marginal increase, with large variances in performance across product types.
The third quarter results show the continued development of trends seen in the first half of the year, as lenders and consumers continue to adjust to moderating macro-economic conditions.
In Q3 2019, overall balances across all major consumer lending products increased by 13.1% year-on-year (YoY), compared to 23.2% YoY growth the prior year in Q3 2018. Although still strong, this is now the sixth consecutiv...