Neutral impactSector
Share of new-to-credit customers rises to 50% in June 2026 from 24% in June 2016: TransUnion CIBIL-FIDC report
Economic Times 9 hrs ago·2 Oct 2026, 6:29 pm
The latest TransUnion CIBIL‑FIDC data shows that NBFCs now serve roughly half of all borrowers who are accessing credit for the first time, up from about a quarter a decade ago. The share of “new‑to‑credit” customers with NBFCs rose to 50% in June 2026.
For investors, the shift signals that non‑bank lenders are playing an increasingly important role in expanding credit to previously underserved segments. Higher volumes of first‑time borrowers can boost loan books and fee income for NBFCs, but also bring exposure to borrowers with limited credit histories, which could affect asset quality.
Going forward, market participants will be watching how NBFCs manage funding costs, regulatory scrutiny and any changes in borrower repayment behavior. Subsequent quarterly reports and any policy updates from the RBI will give clues on whether the trend is sustainable.
Excerpt from Economic Times
Share of new-to-credit customers rises to 50% in June 2026 from 24% in June 2016: TransUnion CIBIL-FIDC report Share of new-to-credit customers rises to 50% in June 2026 from 24% in June 2016: TransUnion CIBIL-FIDC report NBFCs now account for half of India’s new-to-credit (NTC) borrowers, up from 24% in 2016,…Read the original at Economic Times
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