Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor

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 Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor

Indian banking sector needs to use emerging technologies such as Artificial Intelligence (AI) and machine learning for corporate loans for quality lending, Chief Economic Advisor Krishnamurthy Subramanian said on Thursday.

Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterprises) in the country has remained stagnant for the last 15 years indicating that banks have not developed models to actively lend lend to the sector.

Chief Economic Advisor Krishnamurthy Subramanian


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