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NBFCs Drive India's Credit Growth, Capturing Nearly Half of New Borrowers
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CNBC TV18•05-10-2026, 16:35
NBFCs Drive India's Credit Growth, Capturing Nearly Half of New Borrowers
- •Non-banking financial companies now account for 47% of new-to-credit consumer originations in India as of June 2026, according to a FIDC-TransUnion CIBIL report.
- •Over the past decade, NBFCs' credit-active consumer base has grown nearly sevenfold, expanding about 2.5 times faster than the overall credit industry.
- •Loans of up to 2 lakh rupees make up 82% of consumer credit originations, with NBFCs contributing 47% of originations in this small-ticket segment.
- •Semi-urban and rural markets now account for more than 58% of NBFC loans by volume, while the share of women borrowers rose from 18% to 27% over the decade.
- •NBFCs' share of credit-active commercial entities surged from 10% in June 2021 to 18% in June 2026, highlighting strong growth in commercial lending.
Key Questions Answered
Non-banking financial companies (NBFCs) account for 47% of new-to-credit consumer originations in India as of June 2026.
Over the past decade, NBFCs' credit-active consumer base has grown nearly sevenfold, expanding about 2.5 times faster than the overall credit industry.
Loans of up to ₹2 lakh make up 82% of consumer credit industry origination volumes, with NBFCs contributing 47% of originations in this specific segment.
