Consumption-led Lending Continues to Catalyze Credit Market Growth
MSME Credit Demand at an All-Time High While Delinquencies Decline
TransUnion CIBIL Insights Indicate Growing Financial Inclusion of Women Borrowers in India’s Credit Market
Women, Farmers and Youth Lead the New-to-Credit Consumer Segment and Emerge as Catalysts of Sustainable Financial Inclusion in India
Young Borrowers Emerging as a Leading Consumer Segment in India’s Retail Credit Market
Mumbai, 10th August 2023: Insights from the latest edition of the TransUnion CIBIL-SIDBI MSME Pulse Report show that commercial1 credit growth momentum continues with portfolio balance growth of 15% year-over-year (YoY) in FY 23-Q4. Commercial credit exposure stood at INR 27.7 lakh crores in the quarter, which includes new originations of INR 241K crore. Insights show that commercial credit demand (measured in terms of credit inquiry volumes) is correlated to the improvement in business activity and grew by 33%, while credit supply volume grew by 11% YoY. Credit supply volumes in micro and small segments grew by 16% and 1% respectively, while the medium segment declined by 8%.
Speaking on the findings of this edition of the MSME Pulse, Mr. Sivasubramanian Ramann, Chairman and Managing Director, SIDBI, said: “The progressive reforms in...