New Delhi, Oct. 5 -- Nearly half of India's credit-active consumers hold a loan from a Non-Banking Financial Company (NBFC), highlighting the growing role of NBFCs in expanding access to formal credit, according to a joint report by the Finance Industry Development Council (FIDC) and TransUnion CIBIL.

The report said 46 per cent of all credit-active consumers held an NBFC loan as of June 2026.

It stated, "Today, 36 per cent of credit-eligible consumers have accessed credit through an NBFC, while 46 per cent of all credit-active consumers hold an NBFC loan".

The report showed that NBFCs have significantly expanded their consumer base over the past decade. Their credit-active consumer base grew nearly seven times between June 2016 and Ju...