Challenger App

No.1 PSC Learning App

1M+ Downloads
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.


Related Questions:

ഇന്ത്യൻ കൗൺസിൽ ഓഫ് ഹിസ്റ്റോറിക്കൽ റിസേർച്ചിന്റ്റെ നിലവിൽ ചെയര്മാന് ആരാണ്?
Which scheme has been introduced by the Department of Biotechnology, Government of India, for awarding writers for writing original books in Hindi on the subjects related to Biotechnology?
What is the ranking of India in wind power as on March 2021?
As of October 2024, what is India's renewable energy capacity?
നിപ്പാ രോഗത്തിന് കാരണമായ വൈറസുകളെ ആദ്യമായി കണ്ടെത്തിയ കമ്പുങ് സുങായി നിപ്പാ ഏത് രാജ്യത്തിലാണ് ?