India to launch platform for rural, small business lending, cenbank governor says

India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies, according to the governor of the Reserve Bank of India (RBI).

The Unified Lending Interface (ULI), to be launched “in due course”, will cut the time for credit appraisal for these borrowers and facilitate a consent-based flow of digital information, Shaktikanta Das said at an event.

The governor...