SBI has a competition for start-ups! Cash prizes up to Rs 5 lakh for winners
In this competition, teams and individuals will have to develop a predictive analytics system which can point out probable loan defaults by SBI's corporate customers.
- Feb 6, 2019,
- Updated Feb 6, 2019 4:18 PM IST
The State Bank of India has announced a competition for start-ups where the winner can bag up to Rs 5 lakh in cash prizes. With this hackathon, named SBI-Predict for Bank 2019, the biggest lender in the country is trying to bolster its measures to check bad loans. In this competition, teams and individuals will have to develop a predictive analytics system which can point out probable loan defaults by SBI's corporate customers. In its financial results for the December quarter this fiscal, SBI reported Rs 1.30 lakh crore in bad loans to corporate sector, out of Rs 1.88 lakh crore gross NPAs for the quarter under review.
The registrations for the ideation phase of the competition, Idea Submission, have been open since January 24, 2019 and will conclude on February 7. Interested developers can submit registrations as individuals or teams of four.
India's fiscal slippage for two consecutive years credit negative, says Moody's
The State Bank of India has announced a competition for start-ups where the winner can bag up to Rs 5 lakh in cash prizes. With this hackathon, named SBI-Predict for Bank 2019, the biggest lender in the country is trying to bolster its measures to check bad loans. In this competition, teams and individuals will have to develop a predictive analytics system which can point out probable loan defaults by SBI's corporate customers. In its financial results for the December quarter this fiscal, SBI reported Rs 1.30 lakh crore in bad loans to corporate sector, out of Rs 1.88 lakh crore gross NPAs for the quarter under review.
The registrations for the ideation phase of the competition, Idea Submission, have been open since January 24, 2019 and will conclude on February 7. Interested developers can submit registrations as individuals or teams of four.
India's fiscal slippage for two consecutive years credit negative, says Moody's