Reserve Bank of India (RBI) to launch Unified Lending Interface (ULI) to enable frictionless credit.

Reserve Bank of India (RBI) to launch Unified Lending Interface (ULI) to enable frictionless credit.

Reserve Bank of India (RBI) to launch Unified Lending Interface (ULI) to enable frictionless credit.

By Reserve Bank of India

During the RBI@90 Global Conference on “Digital Public Infrastructure and Emerging Technologies” in Bengaluru, the RBI Governor Shri Shaktikanta Das proposed the ULI platform, which will facilitate a seamless and consent-based flow of digital information, and reduce the time taken for credit appraisal, especially for smaller and rural borrowers.

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