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Unique rank combines the power of Financial, Income, and Trade (FIT) data based on Goods and Services Tax (GST), Bank Statement and Income Tax returns (ITR) to provide a holistic view of MSMEs

Mumbai, Dec 20, 2022 Continuing their mission of supporting banks and financial institutions to sustainably grow their MSME credit portfolios while driving access to finance for underserved and unserved MSMEs, TransUnion CIBIL, in collaboration with Online PSB Loans Limited (OPL), under the mentorship of SIDBI, today launched FIT Rank – a comprehensive ranking model for MSMEs.

FIT Rank leverages the power of Goods and Services Tax (GST), Bank Statements, and Income Tax returns (ITR) information to provide a ranking model for MSME lending. This ranking model uses machine learning algorithms to predict the probability of an MSME becoming a non-...