SBI to amp up early warning system to spot stress, fraud
- Lender scouting for data service provider to identify emerging problems before they blow up
MUMBAI : State Bank of India (SBI), the country’s largest lender, is looking to upgrade its early warning system to preempt loan defaults, fund diversions and frauds by tapping external data like rating revisions, stark share price movements and even media reports, showed documents reviewed by Mint.
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