The RBI is planning a pan-India launch of ‘Unified Lending Interface (ULI)’ to cater to large unmet demand for credit across various sectors, particularly for agricultural and MSME borrowers The ULI, ...

RBI Governor Sanjay Malhotra urged Telangana Chief Minister A Revanth Reddy to implement the BUDS Act, which addresses unregulated deposit schemes. During a meeting in the city, Malhotra discussed RBI ...

MUMBAI (Reuters) - India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies, ...

The finance ministry’s department of financial services (DFS) and officials of the Reserve Bank of India (RBI) held a meeting with various stakeholders yesterday on scaling up the planned Unified ...

16.7 billion* transactions in month of December 2024!! this is exactly how UPI ( unified payments interface ) is transforming payments in India. UPI transactions volume grew at CAGR of 129% and UPI ...

In a major shift that could result in transforming the country’s credit ecosystem, the Ministry of Finance is gearing up to roll out the Unified Lending Interface (ULI). This will be a new digital ...

New Delhi: India’s Digital Public Infrastructure (DPI) including Aadhaar, Unified Lending Interface (ULI) and Unified Payments Interface (UPI) should be leveraged to provide credit access to 450 ...

Indians are justifiably proud of how easy it has become for them to pay for stuff. If you have an Indian phone number and bank account, instant digital transactions are fairly seamless. Now, the ...

“These efforts will promote cross-border trade and payments, improve customer experience, and reduce costs,” said Malhotra, who is positioning India’s digital infrastructure as a catalyst for global ...

State Bank of India's (SBI) Chairman CS Setty on November 18 have suggested a creation of National Financial Grid to connect all the critical elements such as Credit bureaus, fraud registries, EKYC ...