Cibil says banks missing out on credit-worthy consumers

It can be noted that banking regulator Reserve Bank of India (RBI) has been flagging concerns on retail loans being the panacea for banks, which are saddled with reverses on the corporate lending side

Even after the increased focus on retail lending for a decade, banks and other lending institutions have been able to tap only into a third of the estimated 220 million credit-eligible consumers, a report said.

This leaves financiers with 150 million consumers who are eligible for credit but are untapped, credit information company Transunion Cibil said in its report on Monday. Of the eligible population of 220 million, only a third, or 72 million, are "credit active" having a live account with a bank or lending body, it said.

The missing 150 million includes those who qualify the lending criteria