Tax & ComplianceLiveMint — Money
Why NBFCs have become the option of choice for many first-timer borrowers — Explained
11 Oct 2026 · 2d agoSource: LiveMint — Money
A joint FIDC–TransUnion CIBIL report says NBFCs are the main entry point to formal credit for many first-time borrowers. As of June 2026, 74% of live new-to-credit customers had used only NBFC credit, reflecting lenders’ reach and role in expanding access.
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