Unified Lending Interface is in pilot stage, will be launched nationwide in due course, says RBI Governor Shaktikanta DasRBI Governor Shaktikanta Das announced that the Reserve Bank of India is piloting the Unified Lending Interface (ULI) to enable frictionles...
26 Aug, 2024, 01.21 PM IST
RBI will launch Unified Lending Interface nationwide in due course: Guv Shaktikanta DasThe ULI architecture has common and standardised application programming interfaces (APIs) designed for a plug-and-play approach to ensure ...
26 Aug, 2024, 12.44 PM IST
GSTN to share data with RBI's frictionless credit platformThe Indian government has allowed the GST Network to share data about GST-registered businesses with the Reserve Bank's 'Public Tech Platfo...
23 Feb, 2024, 04.11 PM IST
MSMEs should be made more aware of the risks associated with frictionless credit: Vayana Network’s Ram IyerRam Iyer, Founder and CEO of trade finance platform Vayana Network, explains why MSMEs must also recognise the long-term consequences while...
29 Nov, 2023, 10.53 AM IST
Bhashini to launch RBI’s platform for frictionless credit in multiple languagesThe Digital India Bhashini Division will do this in collaboration with the Reserve Bank Innovation Hub (RBIH), a subsidiary of the central ...
05 Oct, 2023, 04.49 PM IST
Frictionless credit initiative slashes operational costs for lenders by 70 pc: RBI officialThe Reserve Bank of India's frictionless credit initiative has resulted in a 70% reduction in customer acquisition costs for lenders and a ...
10 Sep, 2023, 03.09 PM IST
Getting education loan to get easier from next year, only digital admission letter would by enough to get loanReserve Bank of India plans to introduce a "frictionless credit mechanism" to simplify the process of obtaining education loans. The new sy...
10 Sep, 2023, 01.12 PM IST
Public tech platform a game changer: RBI Official"This is going to be revolutionary. This will be another UPI (Unified Payments Interface) moment for the credit. That is very clear. In the...
08 Sep, 2023, 12.44 AM IST
Global FinTech Festival: RBI Guv Shaktikanta Das highlights India's endeavours, importance of governanceThe Governor of the Reserve Bank of India, Shaktikanta Das, has emphasized the importance of FinTechs establishing an effective self-regula...
07 Sep, 2023, 11.33 AM IST
RBI mulls handing over frictionless credit platform to private company: Shaktikanta DasUnder the frictionless platform initiative, banks are extending loans like the Kisan credit cards in under 10 minutes.
06 Sep, 2023, 08.53 PM IST
RBI looking to put more wholesale transactions under e-rupee ambit: SourcesThe Reserve Bank of India (RBI) plans to expand the use of its central bank digital currency (CBDC), known as e-rupee, for wholesale transa...
05 Sep, 2023, 09.56 PM IST
RBI to launch pilot on Public Tech Platform for frictionless credit: Soon, you will get loans in minutes; how it will workThe Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation H...
18 Aug, 2023, 04.37 PM IST
RBI to pilot public tech platform to aid lendersAccording to the RBI, with rapid progress in digitalisation, India has embraced the concept of digital public infrastructure which encourag...
15 Aug, 2023, 09.29 AM IST
RBI to launch pilot for 'Public Tech Platform' on August 17The platform would enable linkage with services such as Aadhaar e-KYC, land records from onboarded state governments (Madhya Pradesh, Tamil...
14 Aug, 2023, 04.53 PM IST
RBI to launch pilot for 'Public Tech Platform' on Aug 17The Reserve Bank will launch a pilot project for 'Public Tech Platform' that seeks to facilitate credit through seamless flow of required d...
14 Aug, 2023, 04.52 PM IST
RBI's lending innovation: Can't prove creditworthiness? Now you will still get a loanThe Reserve Bank of India (RBI) is developing a Public Tech Platform for Frictionless Credit delivery through end-to-end digital lending pr...
10 Aug, 2023, 03.59 PM IST
RBI puts up Innovation Pavilion at G20 FMCBG meeting venueAs part of the 'Frictionless Credit', an experience centre has been set up to give a real-life feel of the transformational Digital Kisan C...
17 Jul, 2023, 05.32 PM IST