Non-bank lenders originated half of India’s new-to-credit loans in the quarter ended June 2026

The Economic Times reports, citing a TransUnion CIBIL–FIDC study, that non-bank lenders originated 50% of India’s new-to-credit loans in the quarter ended June 2026, up from 24% in the same period of 2016. New-to-credit borrowers are taking their first loan reported to the retail credit bureau. Consumer-durable loans accounted for 30% of industry-wide new-to-credit originations in the first half of 2026.