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CIBIL REPORT 2024
As India's MSME sector matures, IDBI Bank's Sumit Phakka says the lending framework must keep paceIndia's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...- Defaults on the rise in micro loans over propertyAccording to the report, delinquency levels in the micro-LAP segment rose by 45 basis points (bps) year-on-year to 3.3% as of September 202...
- New loan originations slows as young borrowers declineTransUnion CIBIL reports a two-year low in new loan originations, driven by decreased demand from younger consumers and a shrinking share o...
- Retail credit grows at slower pace in Q4 of FY25: ReportThe retail credit market experienced a slowdown in the last quarter. New loan originations grew at a slower pace. This happened despite the...
- New-to-credit borrowing declines by 21 pc as lenders tighten consumption-driven loan issuancesLenders' caution on issuing consumption-driven loans led to a 21% decline in loans to new-to-credit (NTC) customers by end-December 2024. G...
- Women borrowers surge in India, Bharat leading the way: ReportThe demand for credit among women in India has tripled between 2019 and 2024, with 60% coming from semi-urban and rural areas. Business and...
- India's economy deep in ' Modi-made crisis' : Cong on rising gold loansThe Congress has raised concerns over the dramatic increase in gold loans, attributing the economic crisis to the Modi government's mismana...
- Women accounted for 35% of business borrowers till December 2024Women borrowers in India have increased at a compounded growth rate of 22% over the past five years, with a significant number from semi-ur...
- Credit monitoring by women up 42% in 2024Credit monitoring by women in India increased by 42% in 2024, with a significant rise in credit penetration among semi-urban and rural area...
- Access to finance is a fundamental enabler for women’s entrepreneurship: NITI Aayog CEO BVR SubrahmanyamNITI Aayog, on Monday, released a report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story, jointly publis...
- Women in India increasingly seeking credit, monitoring credit scores: ReportWomen in India are increasingly monitoring their credit scores, with a 42% rise in self-monitoring as of December 2024. Non-metro areas sho...
- When it comes to credit, India still says yes to plastic: RBI’s Payments System ReportCredit card usage in India has surged, with active cards doubling to 108 million and transaction value tripling to ₹20.37 lakh crore in fiv...
- Missed the EMI of your loan by 1 day? It can cost you more than you thinkMissing a loan payment, even for one day, can harm your credit score. This can lead to higher interest rates on future loans. Banks may als...
- Axis Bank issues over 1 million credit cards in Q2 FY25 as trend picks up with festive seasonAxis Bank became the fourth largest credit card issuer in Q2 FY25, with a 14% increase in Cards in Force. Credit card transactions surged, ...
- India's credit card losses spike for millennials’ swipe-spend-default habitCredit card defaults among young millennials have increased, driven by BNPL schemes and e-commerce purchases on EMIs. Credit card outstandi...
- Home loan slowdown drives retail credit moderation in June 2024: CIBIL reportIndia's retail credit growth slowed in June 2024, driven by a significant drop in home loan originations. The TransUnion CIBIL report shows...
- Share of borrowers rated Prime+ on rise, shows TransUnion CIBIL dataData from TransUnion CIBIL indicates an improvement in credit culture, with the share of prime-rated borrowers rising to 55% by June 2024. ...
- Credit culture strengthens: Rise in prime borrowers despite moderate retail credit growth, says Transunion CibilThe share of prime-rated individual borrowers in India has increased, indicating an improvement in credit culture, according to TransUnion ...
- CIBIL score dropped due to bank's fault: Doctor won the legal battle with Rs 2.6 lakh as damages after 7 years, lessons you can learn from thisCIBIL score: A doctor had AMEX credit card issued by a bank with credit limit of Rs 3.25 lakh. However his bank reported him as a defaulter...
- Regulatory tech startup IDfy raises Rs 86 crore in Series D round from TransUnion, Blume VenturesThe Mumbai-based startup plans to use the newly infused funds to strengthen its product offerings and expand its business and operations.
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