NBFCs Account for 47% of New-to-Credit Consumer Loans in India: FIDC-TransUnion CIBIL Report
Non-banking financial companies (NBFCs) have become the entry point into formal financing in India. They constitute almost half (47%) of all consumer financing by June 2026. As per a collaborative report by Finance Industry Development Council (FIDC) and TransUnion CIBL, 36% of the consumers availed themselves of the loans through NBFCs. Although 46% of all … Read more