TransUnion CIBIL said the credit growth has been significant and the portfolio qualities too have remained stable because of the credit infrastructure, availability of information and objective underwriting. The CIC does not see unsecured delinquency transmitting to secured loans.
This indicates significant scope for lenders to drive access to credit opportunities to NTC consumers, TransUnion CIBIL has said in a report
Two-wheelers were the only credit category which saw a double-digit growth in volume as well as value of originations.
Home loan enquiries volume shrank 1 percent in October-December, originations by 6 percent in a sign that potential borrowers are cautious and bankers even more so
Increased participation in the labour force, higher financial independence, better credit awareness and improved access to economic opportunities have driven the growth of women borrowers in India, says Harshala Chandorkar, chief operating officer of TransUnion CIBIL.
The survey conducted by credit information company Transunion Cibil on 756 companies also said that 68 per cent were confident about a future positive outlook.
Banks should redesign their mix of secured and unsecured lending to take care of their assets, TransUnion Cibil has said.
Small business credit of Rs 2.32 lakh crore is at the highest risk of default, and micro-enterprises having loan outstanding of less than Rs 10 lakh are the most vulnerable because of the COVID-19 pandemic
"The Bank has sold its entire stake of 5 per cent (12,50,000 shares) in TransUnion CIBIL Ltd to TransUnion International Inc (TUI). The deal was concluded on March 22 at the rate of Rs 1,525 per equity share for a total consideration amount of Rs 190.62 crore," Bank of India said in a regulaotry filing.
Warning that the banking industry is staring at a potential stress of nearly Rs 55,000 crore in its MSME exposure, Transunion-Cibil today launched a ranking for small businesses to take care of "information asymmetry".
He cited the case of Rajasthan, which has the lowest non-performing assets (NPAs) for commercial loans at two per cent, but also the lowest concentration of loans.