Women borrowers' tally grows at CAGR of 19% in 5 yrs; men at 14%: CIBIL

Credit penetration for women (percentage of borrowers to total adult population) has improved to 12% in 2021 from 6% in 2016.

The number of women borrowers has increased at a compound annual growth rate (CAGR) of 19 per cent in five years (calendar 2016-2021), compared to a CAGR growth of 14 per cent for male borrowers during the same period. The share of women borrowers has increased to 29 per cent in 2021 – up from 25 per cent in 2016, according to CIBIL data.

Credit penetration for women (percentage of borrowers to total adult population) has improved to 12 per cent in 2021 from 6 per cent in 2016.

The Credit Information Bureau said in terms of total outstanding retail