Finance Comic on August 27: RBI launches ULI 🌳

RBI launches ULI 🌳

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[{"selector":"#anim-b034d949-6ed9-4a88-906f-ab52d54186d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-68a472c6-0659-475f-b77b-fcd62a745b1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5950db0a-20db-495c-a735-11a8e876f0f0","keyframes":{"transform":["translate3d(99.48186%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e0c9653-be3f-4208-b7a1-f222146319bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75190a33-a7c1-4d8d-971b-5bf2afda99f6","keyframes":{"transform":["translate3d(-73.75691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5f6fbca-4bc0-44fd-b483-20d68b094253","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4a44c21-9f07-4b25-bd85-1dbead923117","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] RBI Governor Shaktikanta Das said that a nationwide launch of the Unified Lending Interface (ULI) will happen in due course.

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[{"selector":"#anim-7a2152ac-8864-4474-a014-ffa5b6c3d3e3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9b1cd371-d7ee-460e-8ae4-291bcc0416c2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c640f98-6478-4ece-8174-d21ff7aeca62","keyframes":{"transform":["translate3d(102.33161%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa54418c-8539-4a93-b0d5-dfa3b6ea9ab7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe8f6935-7ba9-4fbf-8bb4-94e3bbd04345","keyframes":{"transform":["translate3d(-73.75691%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a582eb37-95b0-4e62-9b4c-f7fe1ab8f3f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c596ab5-306d-4f8b-b0c0-ce1162ce3c6a","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The RBI Governor on Monday proposed to call the tech platform for frictionless credit as Unified Lending Interface (ULI).

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What is Unified Lending Interface?

[{"selector":"#anim-624a0e3e-1fcc-4940-b1e4-8f5c73a5a6ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5b80b11-41f1-4fd0-b89b-f91563336f5c","keyframes":{"transform":["translate3d(-64.28989%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] India's Unified Logistics Interface (ULI) platform will streamline digital credit delivery by integrating diverse data sources like land records, financial, and non-financial information through standardised APIs. This consent-based system reduces credit appraisal time, particularly aiding agricultural and MSME borrowers. The ULI, combined with the JAM (Jan Dhan, Aadhaar, Mobile) trinity and UPI, marks a significant advancement in India's digital public infrastructure, enabling seamless access to credit and financial services. Learn more