NBFCs dominate first-time borrower lending with over 60% share: CRIF High Mark
Non-banking financial companies (NBFCs) continue to dominate lending to first-time borrowers in India, accounting for over 60% of total accounts, according to a CRIF High Mark report. The report, titled “Bridging The Gap: Unlocking Growth from New-to-Credit Borrowers,” highlights that NBFCs remain the primary channel for individuals entering the formal credit system, while banks have…
