UP, Bihar & MP Lead Credit Growth

According to a report by TransUnion CIBIL, the credit landscape of India is undergoing a significant transformation. The states of Uttar Pradesh, Bihar, and Madhya Pradesh are emerging as the new drivers of credit growth in the country. This shift is largely due to the increasing demand for credit from these regions. On the other hand, states like Maharashtra and Tamil Nadu, which were once the hub of credit activity, are now witnessing a decline in their share of the credit market. The report highlights the changing dynamics of the Indian economy and the growing importance of the northern and eastern states in the country's credit ecosystem.