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Which financial institution announced the launch of Unified Lending Interface (ULI) on 26 August 2024?

ASIDBI

BRBI

CIFCI

DIDBI

Answer:

B. RBI

Read Explanation:

RBI announced the launch of Unified Lending Interface (ULI) on 26 August 2024. To facilitate the efficient delivery of frictionless credit, Hon’ble RBI Governor, Shri Shaktikanta Das, announced the Unified Lending Interface (ULI) at the RBI@90 Global Conference on August 26, 2024, in Bengaluru. The pilot of ULI (previously known as the Public Tech Platform for Frictionless Credit) began in August 2023. During his speech, the Governor mentioned that the new trinity of JAM-UPI-ULI will be a revolutionary step forward in India’s digital infrastructure journey. Just like the UPI transformed the payments ecosystem, the ULI will play a similar role in transforming the lending space in India. The ULI was developed by RBIH and co-conceptualized with the Reserve Bank of India (RBI). ULI is a technology platform built to facilitate easy access to authenticated data from various sources, through standardised APIs to which all lenders can connect seamlessly through a ‘plug and play’ model.


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