Potential default credit risk model Banks play a crucial role in market economies. They decide who can get finance and on what terms and can make or break investment decisions. For markets and society to function, individuals and companies need access to credit.
Credit scoring algorithms, which make a guess at the probability of default, are the method banks use to determine whether or not a loan should be granted. Here I have started such development of PD model, absolutely from a beginner level and have explored the data widely to come up with a conclusive data which fits best for the model and have developed the model using XGBoost.