Credit Market Indicator – September 2026

The CMI is a comprehensive measure of data elements that are summarized monthly to analyse changes in credit market health, categorized under four pillars: demand, supply, consumer behaviour, and performance. These factors are combined into a single, comprehensive indicator, and pillars can also be viewed in more detail individually. The CMI for June 2026 was 104, higher than 98 in June 2025.

• Retail credit supply has continued to remain strong, with origination value for the quarter ended June 2026 rising by 20% year-on-year compared to the quarter ended June 2025.
• Personal loans value increased year-on-year by 34%, driven primarily by increase in volumes as well which showed a strong growth of 27% over 2025. Smaller ticket sizes have led the volume growth with ticket sizes increasing across overall Personal Loan ticket size lending.
• Less than 30 years of age borrowers from SuRu location and those with credit score segment of Prime and above shows fastest growth in Personal Loans and Consumer Durable Loans; though on the other end, high ticket PL of more than INR 25 lakhs ticket size has also show notable growth.