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Governor Shaktikanta Das on Wednesday said the Reserve Bank is mulling handing over the newly-launched frictionless credit platform to a private company as it did with the National Payments Corporation of India (NPCI). Under the frictionless platform initiative, banks are extending loans like the Kisan credit cards in under 10 minutes.  

The central bank’s public tech platform for frictionless credit will be akin to the “UPI moment” for lending in India, ushering in a new era of efficiency in disbursing loans in rural areas, executive director Ajay Choudhary said.

PIEDS, BITS Pilani announces the launch of FinXcelerator, a nationwide initiative to accelerate fintech startups, in partnership with the Reserve Bank Innovation Hub (RBIH) and ICICI Bank. This collaboration marks a significant step to promote innovation and create an inclusive environment for startups in the financial sector. The Reserve Bank Innovation Hub (RBIH), a wholly-owned

PIEDS, BITS Pilani has announced the launch of FinXcelerator, a nationwide initiative to accelerate fintech startups, in partnership with Reserve Bank Innovation Hub (RBIH) and ICICI Bank. This collaboration aims to promote innovation and create an inclusive environment for startups in the financial sector.

Swanari Techsprint by RBIH is an annual programme that offers a platform to conceptualise, develop and support innovations in technology that enhance access, usage and quality of financial services for women in India. The registrations for the programme are underway till September 11, 2023

IIM Ahmedabad’s startup incubator CIIE.CO on Wednesday said it has partnered with the Reserve Bank of India’s subsidiary Reserve Bank Innovation Hub (RBIH) for this year’s Swanari Techsprint 2023 programme. Swanari Techsprint by RBIH is an annual programme that offers a platform to conceptualise, develop and support innovations in technology that enhance access, usage and

“The ‘Frictionless Credit’ initiative is exemplified through an experience centre that provides visitors with a practical demonstration of the transformational Digital Kisan Credit Card (KCC) and Digital Dairy journey.The digital KCC showcases how digitized land record data can be effectively used to sanction and disburse loans in a completely paperless and digitized manner, eliminating the

“The “frictionless credit” initiative, which is so far ready for farm and dairy loans, is proposed to be expanded to education loans (using the Digi Locker), MSMEs (based on Udhyam registration and GST and tax records) and even vehicle and personal loans as tests have shown that a loan can be sanctioned in less than

The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG)  here, showcasing its recent innovation initiatives relating to pilot on ‘Frictionless Credit’ and ‘Central Bank Digital Currency’. Set up at Mahatma Mandir Convention Centre, the ‘Innovation Pavilion’ also features an informative video explaining

The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG)  here, showcasing its recent innovation initiatives relating to pilot on ‘Frictionless Credit’ and ‘Central Bank Digital Currency’. Set up at Mahatma Mandir Convention Centre, the ‘Innovation Pavilion’ also features an informative video explaining