https://www.taxtmi.com/news?id=22448 Public sector banks must be made more efficient to support India's growth; modern digital infrastructure and financial inclusion enable expansion. The Survey proposes a GSTN like Public Sector Banking Network (PSBN) to aggregate PSB and government data and deploy AI ML credit analytics for borrower screening, fraud prevention, automation of lending processes, and earlier warning signals to reduce NPAs. It also recommends performance conditioned Employee Stock Option Plans (ESOPs) transferring part of government equity to employees to align incentives, reduce agency problems, and foster an ownership mindset. en-us Fri, 31 Jan 2020 14:37:39 +0530 Fri, 31 Jan 2020 14:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22448 Public sector banks must be made more efficient to support India's growth; modern digital infrastructure and financial inclusion enable expansion. The Survey proposes a GSTN like Public Sector Banking Network (PSBN) to aggregate PSB and government data and deploy AI ML credit analytics for borrower screening, fraud prevention, automation of lending processes, and earlier warning signals to reduce NPAs. It also recommends performance conditioned Employee Stock Option Plans (ESOPs) transferring part of government equity to employees to align incentives, reduce agency problems, and foster an ownership mindset. News - Fri, 31 Jan 2020 14:37:39 +0530 https://www.taxtmi.com/news?id=22448