Non-Metro Cities Witness Surge in Credit Demand

27 Apr 2024 CW Team

A recent report highlights a notable surge in credit demand in non-metro cities such as Kanpur and Barabanki. The report underscores the expanding financial activity and increasing access to credit facilities in these regions, indicating broader economic growth and development outside major urban centres.

Cities like Kanpur and Barabanki have experienced a significant uptick in credit demand, reflecting growing consumer confidence and economic resilience in non-metro areas. Factors such as rising disposable incomes, improved infrastructure, and government initiatives to promote financial inclusion have contributed to the heightened demand for credit products and services.

The surge in credit demand in non-metro cities signifies a shift in banking and finance dynamics, with financial institutions expanding their footprint and offerings to cater to the evolving needs of customers in these regions. This trend also highlights the untapped potential and opportunities for growth in India's hinterland, where access to formal banking and credit facilities has traditionally been limited.

As non-metro cities continue to drive economic expansion and urbanisation, the surge in credit demand reflects the increasing role of financial services in supporting local businesses, entrepreneurship, and consumer spending. The report's findings underscore the importance of inclusive financial development and the need for tailored financial solutions to meet the diverse needs of customers across different geographies and socio-economic segments.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..