RBI Launches Unified Lending Interface (ULI) to Simplify Loan Approvals

byPaytm Editorial TeamLast Updated: September 16, 2025
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Key Takeaways:

  • RBI Governor Shaktikanta Das introduced the Unified Lending Interface (ULI) to simplify loan processing.
  • ULI will help lenders quickly get important information like land records, speeding up loan approvals and reducing paperwork.
  • The platform is especially useful for small businesses and rural borrowers.
  • ULI is part of a new focus on digital banking in India, along with JAM and UPI.
  • The RBI plans to launch ULI nationwide after testing it in a pilot project.

RBI to Introduce Unified Lending Interface (ULI)

RBI Governor Shaktikanta Das has announced the launch of the Unified Lending Interface (ULI), a new digital platform designed to simplify the lending process. Building on the success of UPI, ULI will make it easier for lenders to access important information, such as land records, to speed up loan approvals. This platform will be especially helpful for small businesses and rural borrowers, offering a streamlined system that reduces paperwork and speeds up credit appraisal.

ULI: A Major Step in India’s Digital Progress

Das described ULI as part of a “new trinity” alongside JAM and UPI, marking a significant step forward in India’s digital banking journey. The RBI plans to roll out ULI nationwide after a successful pilot project, continuing its push to digitalize banking services across the country.

Simplifying Cross-Border Payments

Discussing cross-border payments, Das highlighted India’s efforts to create a plug-and-play system that can work across different countries. Although there are challenges, such as countries wanting their systems, Das is confident that India can help develop a solution that allows for easy and secure international payments.

AI in Banking: Opportunities and Caution

Das also spoke about the role of artificial intelligence (AI) in banking. He encouraged financial institutions to adopt AI but urged caution, pointing out the need to ensure data is accurate, unbiased, and private. While AI offers exciting possibilities for improving banking services, it also comes with challenges that need careful consideration.

The Future of Digital Lending

Finally, Das noted the rapid growth of digital lending platforms and public infrastructure developments that make straight-through lending more accessible. These advancements align with the RBI’s goals of making financial services easier to access, especially for those in underserved areas.

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