 "RBI’s Lending Revolution: Risky Path to Empower India’s Small Borrowers")
RBI’s Lending Revolution: Risky Path to Empower India’s Small Borrowers
India’s Reserve Bank is set to launch a “unified lending interface” aimed at enhancing access to credit for small businesses and farmers. By leveraging extensive digital transaction data from its Unified Payments Interface (UPI), the RBI hopes to encourage financial institutions to lend to those typically underserved due to a lack of documentation and collateral. ...
