India Formal Credit Penetration: Formal retail credit access doubles over past decade

India Formal Credit Penetration: Formal retail credit access doubles over past decade

[ad_1] MUMBAI: India’s formal retail credit penetration more than doubled over the past decade, with the share of consumers who accessed credit at least once rising from 35% in March 2017 to 74% in March 2026, even as the credit-eligible population expanded from 79 crore to 89 crore.The expansion was accompanied by a sharp rise … Read more

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