TransUnion CIBIL

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Banking, Fintech & Insurance 03 Oct 2026, 03:59 AM IST

NBFCs Now Drive Half of India’s New-to-Credit Borrowers, Up From 24% in 2016: TransUnion CIBIL-FIDC

Non-banking finance companies now account for 50% of India’s new-to-credit borrowers, sharply up from 24% in June 2016, according to a TransUnion CIBIL-FIDC report covering about 2,000 NBFCs. The findings underscore how NBFCs have become a critical gateway to formal credit for first-time borrowers, especially in segments tied to mobility, vehicle finance and broader retail lending.

By RDU Global Wire5 min read

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Entities frequently referenced alongside TransUnion CIBIL:

NBFCs(1)India(1)FIDC(1)