Banks agreed to work further on increasing use of advanced data analysis and where possible, artificial intelligence algorithms for better, faster and hassle-free credit decisions and monitoring of accounts, Goyal said.Finance Minister Piyush Goyal Monday exhorted state-run banks to step up lending to micro, small and medium enterprises,...
It already provided Rs 51,533 crore to a clutch of state-run banks by end-December.The government has indicated to state-run banks that it will finalise the infusion of over `54,000 crore into public sector banks (PSBs) once their results for the December quarter are out in February, banking sources...