Demand for loans up 150% since 2010: CIBIL

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CIBIL, a credit information agency, has said that the demand for loans for various products including home and auto loans from banks and other financial institutions in India has shown a sharp increase of 150 per cent since 2010, said a PTI news report.

According to Harshala Chandorkar, Senior Vice President, Credit Information Bureau India Ltd (CIBIL), the spurt in loan-seeking showed an increased demand for credit and a bounce back by lending institutions in disbursals after the 2008 downturn.

Speaking in a press meet, Chandorkar said, CIBIL has 930 credit institutions as its members and maintained information on over 290 million consumer trades and 14 million commercial.

Dion Global Solutions Ltd.

Read more about: loans, cibil
Story first published: Thursday, August 8, 2013, 9:30 [IST]
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