April 19, 2026 10:18 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pushback from smartphone makers: Centre drops Aadhaar app pre-install plan — report | Meta eyes first wave of layoffs on May 20: Report | TCS breaks silence on Nida Khan: ‘No HR role, no power’ in Nashik case | ‘Panic reaction’: Rahul Gandhi on women’s bill, says PM Modi ‘wants to send a message’ | Adani Group shares rise as Gautam Adani becomes Asia’s richest, overtakes Mukesh Ambani | TCS Nashik ‘conversion’ case accused seeks anticipatory bail citing pregnancy | IT raids TMC candidate Debasish Kumar’s premises ahead of Bengal polls | Bengal SIR: Supreme Court allows voters restored by tribunal till April 21 and 27 to vote | 'Women won't spare you': PM Modi warns Opposition over resistance to quota bill | Vijay booked in 3 cases over poll code violation ahead of Tamil Nadu polls

CIBIL data reveals 25% CAGR in retail credit

| | Mar 12, 2016, at 02:20 am
Mumbai, Mar 11 (IBNS): Credit Information Bureau (India) Limited (CIBIL), the country’s leading credit information company, has indicated a sustained growth in the retail credit sector.
The data was released during the Eighth Annual CIBIL TransUnion Credit Information Conference in Mumbai on Friday.
 
“The growth of Retail Loans at an average CAGR of 25% is largely contributed by the growth of Property Loans at 58%, Personal Loans at 31% and Auto Loans at 30%. Forward looking policies along with availability of credit information solutions has largely contributed to this propulsion in growth," said M V Nair, Chairman, CIBIL addressing the conference.
 
Speaking of CIBIL’s growth plans, Satish Pillai, Managing Director and CEO, CIBIL said, “We shall continue to create information solutions that help drive growth for businesses while fueling faster and cheaper access to credit and other services for consumers. We have accelerated our investments in content, insights, products and solutions across all sectors. We are working on developmental initiatives to partner in the national momentum of helping drive financial literacy, inclusion and protection.”
#CIBIL data # CAGR # retail credit

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm