Open AccessEffect of SBI Bank Merger on Education Loan, a Comparative Study Using Big Data Analytics
Author(s) -
Anjali Mathur,
K. Vinitha,
R Shubham,
K. Gowtham
Publication year - 2018
Publication title -
international journal of engineering and technology
Language(s) - English
Resource type - Journals
ISSN - 2227-524X
DOI - 10.14419/ijet.v7i2.32.15739
Subject(s) - loan , merge (version control) , data bank , analytics , big data , business , computer science , finance , data science , data mining , telecommunications , information retrieval
A bank merger is a situation in which two banks or all branches of a bank join together to become one bank. The bank merger of State Bank of India was implemented on 1stApril 2017 in India. The bank merger is a good idea to centralize the customer’s data from nationwide. However, it is a difficult task for administrators and technologists. Some high level techniques are required to collect the data from the branches, of the bank present at nationwide, and merge them accordingly. For this huge data Big-Data Analysis techniques can be used to manage and access the data. The big data analytics provides algorithms to compare, classify and cluster the data at local and global level. This research paper proposes big data analytics for education loan provided by State Bank of India. The loan granting process becomes centralized after merger. It affects the processing of granting a loan, as earlier it was according to branches only. The proposed work is for comparative study of the impact of bank merger on education loan provided by State Bank of India.