Definition of underbanked in English:

underbanked

Pronunciation /ˌəndərˈbaNGkt/ /ˌəndərˈbæŋkt/

adjective

  • 1(of an area) with insufficient banks to meet market demand.

    ‘The lure of the region is that the area is seriously underbanked, especially on the retail side.’
    • ‘And markets like this country's are still significantly underbanked, so there is much growth potential.’
    • ‘Do you still see the ‘unbanked’ and ‘underbanked’ as your primary target?’
    1. 1.1(of consumers) lacking full use of banking facilities.
  • 2(of an investment issue) not adequately underwritten by financing institutions.