Current Affairs - Banking - Discussion

State Bank of India is planning to launch a loan product, SAFAL, primarily focused on organic cotton growers who don't have any credit history, said a top official of the country's largest lender. The bank is using Artificial Intelligence (AI) and Machine Learning (ML) in a big way for generating business, SBI managing director C S Setty said speaking at a Fintech conference organised by Federation of Indian Chambers of Commerce and Industry (FICCI).