New Delhi, Dec. 15 -- The retail credit demand in India strengthened during the July-September 2025 quarter, supported by Goods and Services Tax (GST) rationalisation and improved consumer sentiment ahead of the festive season, according to TransUnion CIBIL's latest Credit Market Report.

The Credit Market Indicator (CMI), a composite measure of credit market health, rose to 99 in the September 2025 quarter from 98 in the preceding quarter, reflecting improved demand, supply conditions and stable asset quality. The uptick followed the GST rationalisation introduced in September 2025, commonly referred to as GST 2.0, which enhanced affordability across key consumer segments.

Vehicle finance, particularly two-wheeler and auto loans, along ...