ItemBook Chapter

AI-Driven Credit Assessment in Banks and Non-Banking Finance Companies (NBFCs) in India: A Comprehensive Analysis

Title
AI-Driven Credit Assessment in Banks and Non-Banking Finance Companies (NBFCs) in India: A Comprehensive Analysis
Creator
Malhotra, Shikha; Dhanya, K.A.; Prathibha, Raj M.S.; Mohanty, Priyakrushna
Description
This study examines the application of AI frameworks in real- world scenarios, including regulatory compliance, fraud detection, credit scoring, default prediction, and portfolio management (Moscato et al., 2020). By leveraging AI to gain deeper insights into borrower creditworthiness, financial institutions can enhance decision- making, streamline processes, and foster a more stable financial environment. However, alongside its transformative potential, the implementation of AI presents significant challenges. Ensuring data quality, improving model interpretability, adhering to regulatory compliance, and addressing ethical considerations are crucial to achieving fair and unbiased outcomes. This paper highlights both the opportunities and complexities associated with integrating AI into financial systems, emphasizing the need for balanced and responsible adoption. 2025 by IGI Global Scientific Publishing. All rights reserved.
Source
Machine Learning and Modeling Techniques in Financial Data Science;pp.275-292
Date
01-01-2025
Publisher
IGI Global
Coverage
Malhotra S., Christ University, India; Dhanya K.A., Christ University, India; Prathibha R.M.S., Christ University, India; Mohanty P., Christ University, India
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISBN: 979-836938188-5; 979-836938186-1;
Format
online
Language
English
Type
Book chapter

Citation

Malhotra, Shikha; Dhanya, K.A.; Prathibha, Raj M.S.; Mohanty, Priyakrushna, “AI-Driven Credit Assessment in Banks and Non-Banking Finance Companies (NBFCs) in India: A Comprehensive Analysis,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 21, 2026, https://archives.christuniversity.in/items/show/25039.

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