October 8, 2025

The Reserve Bank of India (RBI) Governor Sanjay Malhotra packed the Global Fintech Fest 2025 with exciting news! He announced the RBI’s new idea: the Unified Lending Interface (ULI). This catchy name is not just any project—it plans to help lenders use data in smarter ways to create new credit models. Just like how UPI revolutionized payments, ULI aims to do the same for lending. But that’s not all! Malhotra also spoke about the RBI working hard to build a Unified Market Interface. This will set standards to onboard customers easily and safely on digital platforms, making their financial journey smoother than ever. Calling India’s fintech ecosystem a vibrant hub, he highlighted a staggering number—nearly 10,000 fintech entities bustling with energy across the country. Such a huge number! This ecosystem plays a huge role in delivering financial services to millions, making them affordable and accessible. What makes Malhotra’s talk truly masaledar was his heartfelt call to fintech companies. “Design products and services that are easy to use, accessible for all, with assistive technologies,” he said. He emphasized that products must include the vulnerable—senior citizens, people with low digital literacy, and the specially-abled. The goal? To leave no one behind in India’s journey to become a developed nation by 2047. He also praised AI’s huge potential to boost India’s next generation of Digital Public Infrastructure (DPI). Imagine AI making our digital financial system smarter and friendlier! In short, RBI is stirring the fintech pot with a promise to make lending smarter and digital banking more inclusive and joyful for every Indian. The future looks bright and bustling with possibilities!

Read More at Economictimes →

Tags: Rbi governor, Sanjay malhotra, Unified lending interface, Fintech, Digital public infrastructure, Financial inclusion,