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Credit cards lose ground as small-ticket personal loans gain traction: CIBIL
Credit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained significant market share. Card balances remain stable at fifteen to sixteen percent of total consumption credit. Delinquency data shows risk spilling across various credit products. Occasional card users exhibit low delinquency rates across their credit portfolios.
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economictimes.indiatimes.com
Credit cards are losing ground to small personal loans, TransUnion CIBIL data shows
Credit cards are losing share in India's unsecured lending market as consumers increasingly opt for small-ticket personal loans and other consumption-linked credit, according to a…
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thehindu.com
Credit card penetration lower in India despite asset quality improvements: CIBIL
Credit card usage in India remains low despite improved asset quality and a growing credit ecosystem, according to Transunion Cibil.
