India's credit self-monitoring grows by 51%: TransUnion CIBIL report

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India's credit self-monitoring grows by 51%: TransUnion CIBIL report - Business Standard

Quick Summary:

Kerala, Tamil Nadu, and West Bengal led this growth.

The report also shows that credit-conscious consumers are improving their scores more rapidly and are more likely to explore new credit products, particularly two-wheeler loans, consumer durable loans, and gold loans.

The report said that the rise reflects heightened credit awareness, especially among Gen Z and Millennials, who make up 77 per cent of the self-monitoring population.