• About Us
  • Contact Us
Current Date

  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    RBI reviews credit flow for MSMEs

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Government amends interest rates for small saving schemes for Q3

    Government amends interest rates for small saving schemes for Q3

    Aviva India gets Gyanendra Singh as new CTO

    Aviva India gets Gyanendra Singh as new CTO

    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    RBI reviews credit flow for MSMEs

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Bajaj Allianz General Insurance inaugurates new office in Tezpur

    Government amends interest rates for small saving schemes for Q3

    Government amends interest rates for small saving schemes for Q3

    Aviva India gets Gyanendra Singh as new CTO

    Aviva India gets Gyanendra Singh as new CTO

    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
No Result
View All Result
B2B Infomedia
No Result
View All Result
Home BFSI

UP seeing fast increase in new borrowers: Transunion Cibil

Prashant Dwivedi by Prashant Dwivedi
February 3, 2023
in BFSI, Enterprise
A A
0
Most public banks continue to reel under weak assets even as private counterparts thrive
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Credit penetration is fast increasing in historically under-banked regions. Uttar Pradesh has shown the strongest improvement in credit health with a CMI value of 102, an improvement of 19 points year-on-year (y-o-y), according to credit bureau Transunion Cibil. The credit bureau’s credit market indicator or CMI provides India’s credit industry with contemporary benchmark of retail lending health.

Overall loan originations of retail loans in Uttar Pradesh comprised just over a quarter (26%) that were provided to new-to-credit (NTC) consumers. Credit penetration in Uttar Pradesh is steadily increasing, reaching 13% in the quarter ending September 2022 from 11% during the same period in the previous year.

Uttar Pradesh’s share of consumer durable loans has grown to be 9% of all loans of this type across India, which is an increase of five percentage points compared to the same quarter in 2019 penetration.

From a location perspective, most inquiries (31%) still come from metro areas, but this proportion is slowly declining. Conversely, the number of inquiries emanating from rural areas has increased by one percentage point each year, from 20% in September 2020 to 22% of all inquiries in September 2022. Inquiries from urban and semi- urban areas have remained consistent at 21% and 26% respectively over the last three years.

Over the last three years, between September 2019 and September 2022, credit penetration has improved across age groups. Consumers in the 18-30 years age group who have availed at least one credit product increased from 14% to 19%; in the 31-45 year age group, it increased from 26% to 35%; and from 23% to 32% among the 46+ year cohort.

Credit supply continues to grow in line with the growth in demand, with semi-urban and rural consumers accounting for 56% of originations, and younger consumers (18-30 years age group) accounting for 37% of originations – an increase of six percentage points y-o-y, the credit bureau said.

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Economic Times
Tags: bfsicreditEnterpriseloanTransunion CibilUttar Pradesh
Previous Post

RBI OKs Hinduja hiking IndusInd Bank stake

Next Post

Tata Sons looks to shed its ‘Upper Layer NBFC’ tag

Prashant Dwivedi

Prashant Dwivedi

Related Posts

RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs
BFSI

RBI reviews credit flow for MSMEs

September 30, 2023
Bajaj Allianz General Insurance inaugurates new office in Tezpur
BFSI

Bajaj Allianz General Insurance inaugurates new office in Tezpur

September 30, 2023
Government amends interest rates for small saving schemes for Q3
BFSI

Government amends interest rates for small saving schemes for Q3

September 30, 2023
Next Post
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag

Tata Sons looks to shed its 'Upper Layer NBFC' tag

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4th BFSI & Fintech Conclave & Awards 2023 4th BFSI & Fintech Conclave & Awards 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

RBI reviews credit flow for MSMEs

September 30, 2023
Bajaj Allianz General Insurance inaugurates new office in Tezpur

Bajaj Allianz General Insurance inaugurates new office in Tezpur

September 30, 2023
Government amends interest rates for small saving schemes for Q3

Government amends interest rates for small saving schemes for Q3

September 30, 2023
Aviva India gets Gyanendra Singh as new CTO

Aviva India gets Gyanendra Singh as new CTO

September 29, 2023
B2B Infomedia

Be To Be Infomedia Pvt. Ltd. represents the inovative platfrom to the clients and widely recognised as one of the ponier networking platfrom with the team of young, creative, dynamic & dedicated professionals.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Health
  • Interviews
  • Pharma
  • Startup
  • Technology
Subscribe to our Newsletter
johnsmith@example.com
  • About Us
  • Contact Us

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In