Service-Oriented Framework for Advance Diagnosis of MSMEs Turning into NPAs
Agnivesh Pandey, Rajiv Pandey · Advances in business information systems and analytics book series · 2017
Banking Industry in India, a major section of which constitute of nationalized Banks, is facing three important challenges- to continue its contribution in rapid growth of Indian Economy, to make pace with the International Prudential Norms of Banking and Accounting Practices and to contain NPAs (Non-Performing Assets) and recover, which has reached an alarming Rs 6.0 lakhs crores. The bulk of Bank advances go to the large industries and big and established business houses, the major share of NPAs are attributed to them presently. The share of MSMEs (Micro, Small and Medium Enterprises), a priority sector of Indian economy, towards growing NPAs may need equal attention as they are in large numbers. Laying stress on strengthening legal framework to overcome this challenge not proving very effective, a service oriented architecture framework may find a solution of advance diagnosis and prevention of MSMEs turning into NPAs. This chapter proposes data mining service in cloud computing environment to Banks which can be delivered as Platform-as-a-Service through Shiny.