Hich Will Fast Track Priority Sector Lending For Banks And Empower Msmes To Review Improve Their Business Performance Get Access Timely Credit Quot The Gst Framework Isa Treasure Trove Of Transactions Data Is Now Beginning Drive Financial Institutions 39 Decisions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mumbai (Maharashtra) [India], December 30 (ANI/NewsVoir): The Government of India collected Rs 1.52 trillion as goods and services tax (GST) in October, reporting a 16.6 per cent year-on-year increase, driven by festive spending, better compliance, and higher tax rates. This collection is expected to increase further and exceed FY23 budget estimates by Rs 1.3-1.4 trillion. Amidst this, Jocata launched its proprietary AI/ML-based risk and business intelligence score, SME DNA, which will fast-track priority sector lending for banks and empower MSMEs to review and improve their business performance and get access to timely credit. "The GST framework is a treasure trove of business transactions data and is now beginning to drive financial institutions' lending decisions, especially to MSMEs," said Prashant Muddu, CEO & MD, Jocata, a B2B digital lending and compliance fintech. SME DNA comes at a time when there is a growing demand for GST-based analytics. A strong regulato ....

United States , Prashant Muddu , Axis Bank , Airtel Payments Bank , Jocata Data Sciences , American Express , Indusind Bank , Kotak Mahindra Bank , Financial Information Provider , Account Aggregator , Data Sciences , Non Performing Assets , Federal Bank , Standard Chartered , Tata Capital , Mumbai Maharashtra India , Ecember 30 Ani Newsvoir The Government Of India Collected Rs 1 52 Trillion As Goods And Services Tax Gst In October , Eportinga 16 6 Per Cent Year On Increase , Riven By Festive Spending , Better Compliance , Nd Higher Tax Rates This Collection Is Expected To Increase Further And Exceed Fy23 Budget Estimates By Rs 1 3 4 Trillion Amidst , Ocata Launched Its Proprietary Ai Ml Based Risk And Business Intelligence Score , Me Dna , Hich Will Fast Track Priority Sector Lending For Banks And Empower Msmes To Review Improve Their Business Performance Get Access Timely Credit Quot The Gst Framework Isa Treasure Trove Of Transactions Data Is Now Beginning Drive Financial Institutions 39 Decisions , Specially To Msmes , Uot Said Prashant Muddu ,