For ‘frictionless credit’, RBI to launch technology platform; to call it Unified Lending Interface: Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said the Unified Lending Interface (ULI), to enable frictionless credit, will soon be introduced.

The pilot project for a public tech platform for frictionless credit was already announced in August last year.

Speaking at the Global Conference on Digital Public Infrastructure and Emerging Technologies, Das highlighted that ULI will play a similar role in transforming the lending space in the country, just as United Payment Interface (UPI) revolutionized the payment ecosystem.