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Unified Lending Interface
September 2 , 2024
15 hrs 0 min
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- Reserve Bank of India (RBI) is working in launch of the Unified Lending Interface (ULI).
- Similar to the Unified Payment Interface (UPI), this ULI will transform the lending landscape.
- ULI platform will facilitate a seamless and consent-based flow of the digital information, including land records of various states, from multiple data service providers to lenders.
- It will cut down the time taken for credit appraisal, especially for smaller and rural borrowers.
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