Trend and Progress of Banking in India 2024-25 Report

Source:  LM Subject: Economics Context: RBI’s latest “Trend and Progress of Banking in India” report flags a resilient banking system with multi-decadal low NPAs, strong balance-sheet expansion and policy push for safer, more inclusive finance. About Trend and Progress of Banking in India 2024-25 Report: What it is? An annual RBI flagship assessment of banking …

Unified Lending Interface

Source: Economic Times  Context: RBI Governor announced that the Unified Lending Interface (ULI), designed for seamless and quick credit access, particularly for MSMEs and farmers, is currently in the pilot stage. The platform integrates diverse data sources to reduce loan appraisal times and simplify processes. It is expected to be launched nationwide soon, with the …