A credit information company said on Thursday that credit demand exceeded pre-pandemic levels in the June quarter. in its credit market indicator (CMI) report good, Transunion Cibil There has also been a similar increase in the number of new accounts opened, it said.

The CMI reached 99 in June 2022, the last seen before the pandemic hit the world in December 2019.

The company said its CMI is a comprehensive measure of data elements that are summarized monthly to analyze changes in credit market health, and categorized under four pillars of demand, supply, consumer behavior and performance. .

The latest CMI is a significant increase of 21 points from its low of 78 in January 2021, at the height of the COVID-19 surge, and is supported by significantly improved credit health in the top 12 states, it said.

Karnataka and Kerala increased the CMI value by 16 points each. CMI value Tamil NaduAndhra Pradesh and Rajasthan have increased by 14 points in the last 12 months.

The company’s Managing Director and Chief Executive Rajesh Kumar said momentum has returned to India’s credit market backed by progressive government policies and proactive implementation by ecosystem players.

retail loan portfolio Strong improvement continues in the remaining products, including home loan In the June 2022 quarter, there has been a growth of 15 per cent in balances, 13 per cent in auto loans, 61 per cent in consumer durable loans, 32 per cent in credit cards and 29 per cent in personal loans.