Credit risk or credit default indicates the probability of non-repayment of bank financial services that have been given to the customers. Credit risk has always been an extensively studied area in bank lending decisions. Credit risk plays a crucial role for banks and financial institutions, especially for commercial banks and it is always difficult to interpret and manage. Due to the advancements in technology, banks have managed to reduce the costs, in order to develop robust and sophisticated systems and models to predict and manage credit risk. To predict the credit default, several methods have been created and proposed.
Mar-16-2018, 08:14:27 GMT