ULI will be for lending what UPI is for payments: RBI Dy Guv at BFSI Summit

The Unified Payments Interface (UPI) has become a widely adopted digital payment platform in India and is increasingly gaining international recognition. Building on the success of UPI, T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI) on Thursday (November 6) introduced the Unified Lending Interface (ULI), a public-sector infrastructure project aimed at democratising access to lending for the private sector.