Credit culture strengthens: Rise in prime borrowers despite moderate retail credit growth, says Transunion Cibil

The share of prime-rated individual borrowers in India has increased, indicating an improvement in credit culture, according to TransUnion CIBIL. However, retail credit growth and new borrowers have grown at a moderate pace. Banks and NBFCs have tightened credit supply, especially for consumption-led products like credit cards and personal loans.
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