Public Tech Platform for Frictionless Credit
On 17th August, 2023, the Reserve Bank of India (RBI) launched a pilot project in the form of a "Public Tech Platform for Frictionless Credit". The move seeks to give digital information to lenders to expedite access to credit or loans.
- The platform has been developed by the Reserve Bank Innovation Hub.
- It has been designed to facilitate the smooth provision of credit by ensuring the effortless transmission of essential digital data to lenders.
- It is an end-to-end digital platform that will have an open architecture, open Application Programming Interfaces (APIs), and standards to which all banks can connect in ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 ‘A-HELP’ Program
- 2 Hydroponics
- 3 Non-Deliverable Forwards (NDF)
- 4 Compulsorily Convertible Debentures (CCDs)
- 5 Incremental Cash Reserve Ratio (ICRR)
- 6 RBI Revises Guidelines for Infrastructure Debt Funds (IDF-NBFCs)
- 7 Surety Insurance Bond
- 8 RBI Launches UDGAM Portal
- 9 Floating Interest Rate
- 10 Bharat New Car Assessment Program
