Newsroom TransUnion CIBIL

28
February
2024

Mumbai, 28 February, 2024: India’s commercial credit portfolio grew by 11% year-over-year (YOY) and credit exposure stood at INR 28.2 Lakh Crores at end of the quarter ending September 2023, according to the latest TransUnion CIBIL-SIDBI MSME Pulse Report. Insights show that increased economic activity has spurred the demand for commercial loans, which grew 29% YoY. Supply volumes grew by 20% year-over-year (YoY) in the July-September 2023 quarter, indicating improved lender confidence.

Speaking on the findings of this edition of the MSME Pulse, Mr. Sivasubramanian Ramann, Chairman and Managing Director, SIDBI, said: “Lending to the MSME sector continued in H1:FY2024, despite the conclusion of the Emergency Credit Line Guarantee Scheme (ECLGS) scheme, indicating underlying growth momentum of the sector. Technology is aiding in lendi...