The Reserve Bank of India (RBI) is all set to float its ‘Unified Lending Interface’ (ULI) technology platform, which is expected to offer “frictionless credit” and will soon be available nationwide. On Monday, RBI Governor Shaktikanta Das, while speaking at the Global Conference on DPI and Emerging Technologies, said the central bank is expecting the … Read more
India’s journey toward financial inclusion has witnessed various innovations in policy over the last decade. The government’s JAM, which is the bedrock of the digitalisation drive to formalise the economy, has been the biggest game changer for the BFSI industry. JAM stands for ‘Jan Dhan Account – Aadhaar – Mobile’ and has revolutionised financial inclusion … Read more
The Jan Dhan-Aadhaar-Mobile (JAM) trinity has proved to be a game-changer and helped in reaching out to the citizens living in the farthest corners of the country, during the coronavirus pandemic, Finance Minister Nirmala Sitharaman said on Thursday. She was addressing the Rashtriya Bank Parishad-organised ‘Manthan‘, a one-day meeting in Aurangabad, which she inaugurated virtually. … Read more