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Share of Indians with access to formal credit doubles, driven by phones on EMI and less developed states
MUMBAI: India’s formal retail credit penetration more than doubled over the past decade, with the share of consumers who accessed credit at least once rising from 35% in March 2017 to 74% in March 2026, even as the credit-eligible population expanded from 79 crore to 89 crore.
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thehindubusinessline.com
Growth rate of credit-active consumer base in India’s credit ecosystem has moderated: TransUnion CIBIL
TransUnion CIBIL reports a moderation in India's credit-active consumer growth rate, highlighting the need for targeted lending strategies.
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timesofindia.indiatimes.com
Share of Indians with access to formal credit doubles, driven by phones on EMI and less developed states
MUMBAI: India’s formal retail credit penetration more than doubled over the past decade, with the share of consumers who accessed credit at least once rising from 35% in March…
