"We will come up with a risk index for the corporate sector. It is something which is in pipeline. It is basically a risk management tool which will help banks and financial institutions while sanctioning any loan to the corporate sector," CIBIL Senior Vice President-Consumer Relations and Communications Harshala Chandorkar said here.
Not giving any timeframe about launch of risk index, she said it would be a value added product for banks.
CIBIL provides credit information about individual customer and business entities that helps banks in taking decision on sanctioning credit to any customer. It maintains account credit information of 350 million accounts of individual consumers and 19 million accounts of businesses.
CIBIL has also recently launched new product for banks called 'Alert' wherein it will send an alert to the bank whenever there is a change in the profile of a customer.
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Sharing new credit information trends based on CIBIL data, Harshala said that it was the younger generation which was driving the growth of credit as 60 per cent of new credit applications come from those who are below 40 years old.
She said that the top five states -- Maharashtra, Andhra Pradesh, Karnataka, Uttar Pradesh and Tamil Nadu -- contributed to almost 50 per cent of all enquiries for credit.
"We have seen a significant growth in consumers reaching out to us for their own CIBIL Report and from across metros as well as Tier II & III cities.
CIBIL currently has 1,100 banks and financial institutions as members.