{"id":885143,"date":"2024-12-07T07:21:48","date_gmt":"2024-12-07T01:51:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=885143"},"modified":"2024-12-07T07:21:25","modified_gmt":"2024-12-07T01:51:25","slug":"rbi-allows-small-finance-banks-to-offer-pre-sanctioned-credit-line-on-upi","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/07\/rbi-allows-small-finance-banks-to-offer-pre-sanctioned-credit-line-on-upi\/","title":{"rendered":"RBI allows small finance banks to offer pre-sanctioned credit line on UPI"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) on Friday allowed small finance banks to offer pre-sanctioned credit lines through Unified Payments Interface (UPI). Previously, only scheduled commercial banks were allowed to offer pre-sanctioned credit lines on the flagship payments platform. <\/p>\n<p>\u201cThis will further deepen financial inclusion and enhance formal credit, particularly for \u2018new to credit\u2019 customers,\u201d said the RBI after the monetary policy kept the key interest rate unchanged but cut the cash reserve ratio that banks are required to hold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) on Friday allowed small finance banks to offer pre-sanctioned credit lines through Unified Payments Interface (UPI). Previously, only scheduled commercial banks were allowed to offer pre-sanctioned credit lines on the flagship payments platform. \u201cThis will further deepen financial inclusion and enhance formal credit, particularly for \u2018new to credit\u2019 customers,\u201d said the RBI after the monetary policy kept the key interest rate unchanged but cut the cash reserve ratio that banks are required to hold.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-885143","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/885143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=885143"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/885143\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=885143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=885143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=885143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}