Maharashtra, Tamil Nadu and Karnataka, which comprise just 20 per cent of the total population, make up for nearly 40 per cent of all retail loans in the country, a new report by TransUnion Cibil has found.

“The top-three States in terms of retail lending – Maharashtra, Tamil Nadu and Karnataka – account for nearly 40 per cent of aggregate balances as well as 32 per cent of the credit-active population. They account for just a fifth of the overall population of the country,” said the report.

As on June 30, 2018, Maharashtra had the highest retail balance of ₹5.50 lakh crore, which is 20 per cent of all retail balances. This was followed by Tamil Nadu with ₹2.77 lakh crore in retail balances, and Karnataka with ₹2.74 lakh crore. In total, the 10 largest Indian States represented ₹21.27 lakh crore in balances, which comprised almost 76 per cent of the total balance share .

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