Big Data System Current Affairs, GK & News

Credit Rating Model: Government testing big data system to aid banks assess credit risks

June 25, 2018

Ministry of Electronics and Information Technology (MeitY) is testing credit rating model, a new system that will assist banks in assessing credit risk and probability of fraud using big data analysis. The system is expected to help banks, particularly rural and cooperative banks, tackle the issue of rising nonperforming assets (NPAs). Currently, rural and cooperative ..

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