Maharashtra, Tamil Nadu and Karnataka form 40% of total retail loans: CIBIL

Maharashtra, Tamil Nadu and Karnataka together comprised 40 per cent of the total retail loans as on June 30. The three states represent about 32 per cent of the country’s overall credit population share despite comprising only 20 per cent of the Indian population. This concentration of retail lending is likely due to the economic development and urbanisation, said a report by TransUnion CIBIL. 

“It’s clear that the major urban areas of India are leading the charge for increased retail credit use,” said Yogendra Singh, vice president of research and consulting, TransUnion CIBIL. 

“These states have more urbanised areas and show more