Which bank becomes the 1st Bank in India to use satellite data to Asse – InterviewSolution

InterviewSolution

1.	Which bank becomes the 1st Bank in India to use satellite data to Assess Credit Worthiness of Farmers?
Answer» ICICI Bank uses satellite data(imagery from Earth observation satellites) to assess credit worthiness of farmers. ICICI Bank has become the 1st bank in India to use such a technique to measure an array of parameters related to the land, irrigation and crop patterns and use it in combination with demographic and financial parameters to make quick lending decisions for farmers.

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