RBI Governor Announces ULI, Says It Will Transform India’s Lending Ecosystem

[@pareshdarji1982]

Very good initiative by Gov, This end of CIBIL and looting of banks on loans

[@marcusaureliusfanboy]

banks will be the ones providing loans here too, right?

[@visangh]

end of CIBIL? How?

[@RP-kr2mg]

​@@marcusaureliusfanboyBanks, NBFCs

[@CountingStars333]

Definitely not the end of CIBIL.

[@Admin-jiji]

I don't think so, CIBIL is Primarily focuses on credit information such as loans, credit cards, and repayment history where as UFI is Encompasses all financial transactions, including assets like property, business, and vehicles.

[@PadmasriLifesciences]

Excellent initiative 👏 👍 No wonder, RBI has been awarded as the Best Central Bank in the world 🎉

[@Sumit_R0y]

Who awarded it?

[@PadmasriLifesciences]

@@Sumit_R0y The Reserve Bank of India (RBI) has been awarded the "Risk Manager of the Year Award 2024" by Central Banking, London, for enhancing its risk culture and its pivotal role in ensuring financial stability in India. RBI's Executive Director, Shri Manoranjan Mishra, accepted the award at a ceremony in London Reserve Bank of India Governor Shaktikanta Das received an 'A+' rating from Global Finance magazine, ranking the top central banker globally for the second year. The recognition acknowledges his adept handling of economic crises, including the Covid-19 pandemic and the war in Ukraine

[@rameezgilani]

Risk manager of the year not the best central... kindly don't exaggerate.

[@jamesT008]

Fenko zor lagake fenko😂😂😂 modibhakt malum hota hai😅😅😅

[@sandeepmenon3970]

​@@PadmasriLifesciences🤦🏻‍♂️its risk manager

[@vikranth1270]

If ISRO was gem , then RBI too❤❤ Under shakthikanth sir

[@ashu-]

Is a gem*

[@siraqram8388]

Hahahahahahaahaha

[@sandeshpandit5540]

Was??

[@TheMalllu]

upi was not started under him

[@ArunKumarmauryaji]

@@ashu- was is right because he used if

[@Sundream_65]

Mr.shashikanta showing how a competent, visionary leader of public sector undertaking or any regulatory body should be.

[@rishivram3433]

His name is 'Shaktikanta' Das not 'shashikanta'

[@Lifestyle12360]

Best central banker in the world for a reason

[@ThrottleJunction]

Is that why INR is losing its value?

[@jeetsahoo-f1q]

best slave master

[@nageswaraopatha5445]

@@ThrottleJunctionbecause of your petro dollar, your abbu ccp Yuvan also depreciated against dollar 😂😂 50 cents credited to ccp 🐶 account😂

[@Darsh_Yadav__2025]

​@@ThrottleJunction bhai kya problem hai , itna toxic kyun ho

[@rickgolder6818]

​@@ThrottleJunctioncurrency value decreasing is helping our expirts. Countries with lower currency valuation tends to exports more, whereas currency with higher valuation tends to import more. Currency Decreasing is not the main problem here, unless it decreased to very much low levels, which definitely isnt the case here.

[@k.s.srinivasmurthymurthy3944]

Can't believe... Lending with out banks intermediation... great Sir... Salute you

[@vivekthakur9505]

Are you dumb??😂..dude

[@seshagiriuttamkumar355]

Great move....hope they will remove all the hurdles and challenges faced by bankers at present in credit underwriting

[@nsbhagwat]

Can you please list some of the current hurdles? Thx.

[@seshagiriuttamkumar355]

Many SMEs do cash txns but need bank finance. At present few NBFCs have taken the initiative... Collateral security in tier 3&4 areas.... Cibil score

[@DevarajSri]

Who will explain this to.Jai beem jai.meem guys 😂😂

[@NandaGovinda]

@@DevarajSri they are typical mindset idiots

[@Kkohli]

Won’t this affect the jobs in the market?

[@niteenkumar9251]

The new Trinity of JAM, UPI, and ULI will be a revolutionary step forward in India's digital infrastructure journey, just like the UPI transformed the payments ecosystem. He should be our Finance Minister.

[@saksham_garg_07]

same opinion toward RBI policies that they must contribute in Bill development

[@ayushnews5735]

JAM ??

[@shreeveda]

​@@ayushnews5735 Jan-dhan, Aadhar, Mobile

[@sandeerao86]

@@ayushnews5735Jandhan Aadhar mobile

[@Jaibajrangbali1709]

There is always a difference between managers and leaders. Hope u understand 🙏🏻🙏🏻

[@mexicanmomo]

Previous governors fought against Gov . But this RBI Governor is not only cooperating with gov, but taking new initiatives .

[@RanjanPradhan-ft7ui]

I think you are a kid? This govt is trying to end RBI’s independence. Just reserch why Urjit patel resigned?

[@mexicanmomo]

@@RanjanPradhan-ft7ui because they were CIA agents. Patel , Raghuram are USA citizens and they had CIA influence on them. And USA never wanted successful India. Even one RBI governor used to give political statements. Hence kid, don't ask you father such silly questions

[@SuperRajudada]

@@mexicanmomoohh God😂

[@Aj-eb7ej]

​@@RanjanPradhan-ft7uiig you are a kid

[@RanjanPradhan-ft7ui]

@@mexicanmomo Give me evidence or give me a bl*wjob whichever you find easier 🤷Choice is yours.

[@manjugupta7644]

He was the same governor critized by so called intellectuals for not being from commerce Background ..they targetted govt for bringing him in And now he is awarded with the best governor internationally Kudos sir !

[@curiouskid1547]

❤ yes.

[@potapota9167]

By whom lol, soo many RBI governors are non-commerce and non-RBI employee background

[@VinodSingh-ig8zj]

What are you talking about? He has a master's degree in economics.

[@sidhantjasrotia7079]

Do your research, look up his credentials lol

[@VinodSingh-ig8zj]

@@potapota9167 RBI governors are always non RBI employees.

[@kmrao06]

I wish similar revolutionary system cones into effect in maintenance of land records and ownership of land as multiple registrations for the same plots are taking place .

[@Anonymous-male]

Need of the hour

[@amyth9227]

Absolutely! Some cities in countries like Canada have an online registry which has records of when and at what price every home was sold for. Obviously to look into the system you will need the help of a registered broker but since the city documents this information online, you can have some level of trust in what is a good price to buy/ sell a home for. This way you are not dependent on the word of brokers telling you what the asking rate is and such an easily accessible system also dissuades both sellers and buyers from exchanging money in undocumented cash. This kind of a system brings much more transparency so buyers can have confidence that they are not funding into an over inflated bubble since you can very easily find out when and at what prices other houses in the neighbourhood where sold/ bought for.

[@vishveshwarpandey7161]

What a great innovative initiative by RBI. Under Shaktikanta das leadership, the adoption of technology backing the digital infrastructure will for sure reduce TAT and will act as a single source of truth for creditors. It will bost credit accessibility to MSMEs and Agri sector who are the backbone and job creators adding to GDP of our country. Hats off to RBI in ensuring a healthy banking system in India among all the turmoils in geopolitical space.

[@sanjoy079]

Genius Governor ever.

[@mallikarjunmandagondi1901]

Superb initiative by RBI. Thank you very much sir. 🎉🎉🎉🎉

[@kamakshiyadav5980]

RBI has improved a lot

[@vinay21ify]

Good initiatives by RBI

[@sumitkumarahluwalia]

Excellent move by RBI...all the best....thanks to the RBI Governor...sir

[@GururajBN]

Good 👍. I wonder whether any other country in the western world has even contemplated this kind of system.

[@chiluxr250]

Ever heard of China? or just like OLA founder, excluding china* haha

[@HarshSharma-tx3dw]

@@chiluxr250is china in west?

[@ashishahuja8605]

privacy and consent issues, already people's cibil is being accessed by various apps, sometimes even without consent.

[@vishnusankarkj408]

@@chiluxr250 This is why education is important, China is not a western country. 🤡

[@santhosh933]

Comrade got so triggered he skipped word westren 😂😂

[@shivampatil23]

Thanks to RBI & Government of India ❤❤

[@RanjanPradhan-ft7ui]

RBI is independent organisation like SC u kid

[@avinashshool]

@@RanjanPradhan-ft7uiTHANK YOU MODI JI. ONE STEP TOWARDS HINDU RASTRA AND VIKSIT BHARAT

[@veernair]

best RBI governor ever

[@boeingpameesha9550]

My sincere thanks for sharing it, जय हिन्द, जय भारत, श्रेष्ठ भारत। हरे कृष्ण हरे राम, जय बोलो राधेश्याम, सबका शुभ हो श्रीमान्, कृपा करो भगवान।

[@boatVlogger]

Pretty hopeful and Pretty exited ☺️

[@gangapatlanagaraj8063]

Another game changer this will further rev up our economy and gdp

[@Kanthavel.KV.Chennai.Bharat]

The most immediately needed government backed enabler is an e-commerce platform for 'Aam Aadmi' where all local traders could compete with MNCs - a level playing field is required. Now, the equation is skewed towards the e-commerce MNCs

[@ravibadola4934]

ONDC & GEM are already in place for that

[@Boruto_Is_OP]

@@ravibadola4934 yep .. I am already ordering food from this Platform(magicpin)..but I must say it has a long way to long and needs to provide cash on delivery option and the ability to see the details of the delivery partner and where the delivery partner is in route to you

[@dibyendugoswami-l7r]

Something like Alibaba in China. Not only govt but some non govt private firm can also initiate such process.

[@vikaskyatannawar8417]

ONDC

[@arsenalf.c6443]

ONDC pilot project has already started.

[@denxedits6978]

Great initiative by GOV. & RBI as well

[@ashwanibansal2098]

I think it would be game changer

[@dr.ramurangila5344]

glad that India is learning to take "Step-2" in initiatives

[@nishamishra8709]

This will be game changer for MSME and agriculture sector and for the unorganised sector also

[@rkb9041]

Sahi kiya, Cibil ki Lanka laga di, waah governor sahab.❤

[@YourBoss-qn9kz]

Loan will be given by bank only ULI is just a platform for fast process

[@ankurbhowmik4395]

Kuch pata bhi ha loans kese process hota ha l**u 😂😂😂

[@rajx7120]

CIBIL toh ab bhi aayega. Loan dene waale ko, dikhega. Aur loan chukaane pe score badega bhi.

[@GE0RGE77]

🤣🤣🤣 kaha kaha se aese log aate h . Pehle dhang se pata kro yeh ULI hai kya. Mai banker hun. LOAN Dene se phle hame bohot sare customer data jaise k customer credit history, assets liabilities jaise chize different platforms se fetch krna hota h.. ULI k aane se hum ab ek hi platform se sare chize fetch kr paenge aesa yeh rbi governor bolra h. Isse loan process fast ho jaega.

[@CHRISdiary77264]

Correct bhai yeh news kab ka hai ...bhai 😊

[@testprofile1840]

wow dhanyavad now we are truly going to be vishwa guru thanks to initiatives like these no other country has this at the moment

[@sjhaji]

Yeah Sir very specific when I am talking about floating ecosystem, india should understand about floating concept,as ecowarrier it's my sincere request govt

[@CountingStars333]

What's a floating ecosystem

[@rakeshkishan2389]

will work...better than scammer loan

[@rawaniajay]

I welcome ULI. Great Initiative by RBI.

[@larsson744]

The final intended stage of aadhar and upi

[@KarthikP-dr9ym]

Next fm

[@Sundream_65]

He will be an excellent finance minister 😊.

[@saksham_garg_07]

@@Sundream_65 atleast better than current FM

[@UrmilaBhanja24]

Great news...Bravo RBI

[@MS_54321]

Good move, we can expect a question from this for upcoming rbi exam🤔

[@ajitsen6927]

grade b , assistant - always has one or two questions from RBI governor speeches .

[@hakim5939]

This is the scariest thing to have happened. I have seen my colleagues who despite being well educated are struggling to manage credit card debt what do they think will happen when people start to get loans with a single click of button? Who will bear the burden of NPAs? Indian youngsters are simply not yet ready and mature enough to handle debt responsibly. This is a financial trap that will destroy countless lives.

[@Anonymous-male]

Dude, it will not provide you loan with just single click. Obviously, it will have your rating of loans taken and repayment. That will prove whether you are worthy of loan or not.

[@hakim5939]

@@Anonymous-male See you are not getting my point, this will make it easier for people to get loans and at cheaper interest rates from banks compared to P2P lending apps which charges predatory interests. More people will get loans and buy useless stuffs like branded clothes and expensive phones.

[@jacksparrow694]

Just because some uneducated kids we should not stop moving forward... It's not government duty to look after financial decisions of citizens

[@hakim5939]

@@jacksparrow694 I guess you skipped my second sentence, post graduate adults working in MNCs are not "uneducated kids". I'm not sure "moving forward" is a right word for a society moving towards debt traps like Americans.

[@VRXTUU]

New pressure for Recovery Agents more Job opportunity for upcoming youngsters Best Of Luck

[@Antimatter009]

Wow! Looks like a good opportunity for new startups that utilize this framework

[@sathish389]

Jai Modi sarkar 🔥🔥🔥 RBI is Growing huge 🔥

[@Panchii358]

In Kerala & Tamilnadu many shops takes only cash for payment so shops do not pay GST. Government needs to looks into it

[@shanavasps7608]

I dont know which kerala are you talking about. Even the petty shops in the very small villages has Upi scanner. I think you have visited any northern state.

[@pravinkumar-my5ud]

No gst is charged from shopkeeper

[@sandeshsharma30]

Very good initiative, this will decrease the monopoly of credit score system & also enhance the wider documentation identification process. Great Step 👏👏

[@kamalkumar7978]

That's why they limited P2P.

[@getvimlesh]

Nirmala ji will make everyone begger in sometime so unified begging & lending is future

[@abhishekmahanta1112]

Amazing initiative, RBI should be given best central bank of the world award.🎉 RBI is working like ISRO, launching new fin tech every year ❤👍

[@CreatureCouture-bw7un]

Great Initiative, but it should be launched immediately!

[@veer3800]

Good initiative by shakhtikanta das sir

[@MoneyAndPowerByHarsha123]

Excellent idea sir ...this will definitely destroy the predatory lending practices which are still today sucking the life out of rural people..thank you 🙏

[@prakash525]

uesterday UPI, today ULI, tomorrow?!? keep bringing new systems every year ..

[@44812348123]

Next Unified Loan Recovery system. 😆

[@gojosatorou-w9l]

Bruh everyone uses UPI the ease of use is unmatched!

[@MS_54321]

Do you know anything about LENDING?

[@skiLLedOG]

Something on education otherwise people like you will never understand difference between UPI and ULI. 😂😂

[@shreeveda]

UCC😊

[@TimeOffCouple]

Its nothing just a system of restricted lending to borrowers. So far, any interested borrower could visit any bank for query or need. But now, untill this ULI makes you eligible, you would not be able to avail any credit. Its just a step to curb the lending of Indians and incline the saving habit. So that deposit ratio can be increased in banks. Country is facing deposit crunch which is very well known now.

[@MS_54321]

"would" only

[@shethsa]

btw, in case you are not aware, every deposit and loan and money flow that goes through the banking system resides in bank deposits in some form, except for a couple of leakage points. Think about it.

[@nishant115me]

did not understand what you meant ? If my financials are not good, even today i won't get credit. So how is ULI different and what extra restriction will it put ?

[@TimeOffCouple]

@@shethsa You are absolutely right to the basics of deposit to a certain extent. But I'm very aware of the fact that banks lend money over a certain % of the depositors money free from any credit linkage. This new initiative must be good. Must be helpful for the people. Otherwise it'll be what I am predicting. I wish I'm wrong.

[@TimeOffCouple]

@@nishant115me This step has been taken to strengthen the financials only. But in a restricted manner. Though small finance banks, we know, charge more than usual. But such financial inst. do help the people at the ground level communities. Now this ULI could be a challenge for them.

[@sohangchopra6478]

Good Initiative

[@vineet3011]

Dear Government, Please make an unified job platform to get all the jobs all over India available from private or public Centralised which should also show the growth rate of the jobs to help citizens find them in one central government monitored portal. This ULI will only make citizen get into loan trap more easily. Banks will release their best rate to lure citizens and make credit risk higher. UPI was pinnacle in transactions market but ULI is something which will make the citizens get more credit in less time which is more risk in less time.

[@zomatotrader]

ye honA CHAHIYE

[@amarjeetsinha8733]

One of the best decision by the central government and the RBI 👏🏻🇮🇳 this will be another revolution after UPI

[@jcthirumurugan6430]

Where are we heading towards? So much of emphasis on lending, technology development to make barrowing more easy and to make barrower slaves to the lender. Why no focus on funding. Liquidity for MSME, SME is the huge problem. Both secured and unsecured lending is in High cost - where business can't sustain by barrowing. More and more focus on easing and streamlining funding need to be focused.

[@VaidehiDeshmukh-d7q]

Can you explain what you want? If a farmer needs to borrow fertilizer money what does this have to with funding? Every funding is lending…..you are borrowing money from someone in any case

[@hemanthpabbathi999]

@jcthirumurugan6430 i agree with you sir but unfortunately most can't understand the depth of it

[@khushsingh871]

Finally someone said it

[@jcthirumurugan6430]

​@@VaidehiDeshmukh-d7q Agriculture must be declared as industry and tax must be collected, so that more and more investment can come and it can be more productive. We can feed the world. Loans and funding are different subjects and require different ways of handling.

[@Vemon564]

Only RBI is working Good❤

[@umeshpune4587]

Appreciated this initiative

[@rishaabbb]

Great initiative!

[@mrksastry5083]

EXCELLENT INITIATIVE

[@skr1808]

For now its just a lending interface,but moving forward 5-6yrs down the line. It will shut cubil and credit rating agencies also brokers . It will be one stop for both borrower and lender... I wish All lenders should lend only through ULI , otherwise the borrower is not liable to pay and everything becomes more transparent...i wish this ends documentation charges and processing charges Also govt shouldn't charge GST on credit card interest

[@rohitr12345]

Dotted land problem in Andhra Pradesh is killing real-estate...one of Naidus worst policy in 2018

[@ChipsAndCurd]

Could you please explain

[@arsenalf.c6443]

The JAM-UPI-ULI is game changer. Jai Modi. Jai RBI. Jai Hind. Jai Bharat.

[@RaviVerma-my4gp]

JAM kiya tha

[@ChipsAndCurd]

JAM ?

[@ayera2474]

Very good bai Very good. Continue the same

[@abubarkat]

Excellent work❤❤

[@debwiser3177]

How this ULI will work ?

[@journeytofindself]

All the steps taken by this government are so considerate, well planned with most noble intentions towards the Bharat ke log !! If this is continued, Taxpayer middle class is going to get a really safe, bright, profitable future with a really high standard of living !!!

[@bhushanubhale581]

Great initiative by RBI governer

[@ashoksunbeam]

Good one. This should pay way more for ppl to get loan without any hassle

[@itvindiahindi]

very good initiative rbi governer is top class. but still need some strict law on third party app loan provider like mpokket, moneyview and kreditbee they are harassing customer. must need law for customer harassment

[@NRI.Reacts]

Will this get rid of problematic Chinese loan apps or will double them? I think we should see.

[@ShrinivasanRaman-o8z]

Great innovation

[@very_weird_person]

Damn! This is Huge!

[@Dev-ob2pj]

Excellent.......

[@WSTAR30]

Well done 👏👏

[@sandeepmante]

kab start hoga

[@onetwokaafour]

This is great!

[@ayushverma_yt]

I want to know the results of the pilot mode so far. Can you update it?

[@cajankush]

Looking forward 😊

[@coolbro4230]

This guy is a legend now!

[@ratnagiri1234]

land records???

[@enligten1]

Yup bro ..

[@nehulbhakta1542]

Huge structure steps towards Vibrant tharving and phosphorus BHARAT DEMOCRACY in coming years.

[@CountingStars333]

Thriving. Prosperous

[@tolloromassi99]

*thriving, *prosperous, *INDIA

[@CountingStars333]

@@tolloromassi99 Bharat is an official name for India.

[@kamran.lunetier]

good job #RBI

[@3rdeyeEagle]

Govt is making this to improve the owners and banks... Not for the poor

[@jeetsahoo-f1q]

what's the exact agenda behind the smoke screen?

[@gauravkr74]

Do you want reservations here too?

[@rickgolder6818]

Just like UPI right ???

[@inderjeetsingh5554]

Nikal Chamche 😂

[@Tony19997]

​@@gauravkr74 😂😂

[@sharonpaulson31]

Kudos sir 👏🏻

[@angeljo6020]

RBI first you fix indian rupee value

[@DD-bj9ds]

I hope this is better than the digital rupee they launched some time ago.

[@nishant115me]

doesn't really matter, a government should work like a start up, try pilot projects on 10 different things. One of them will click, scale that one and shut down others. It's a very efficient approach.

[@vibes_of_heart-he5rl]

Kb aayega ye yo btao

[@shaitansingh9698]

❤that's why we need BJP 🙏🏻not congress for cast reservation

[@TegraZero]

give option to opt out from getting payment request, calls and sms from outstate people. this will reduce scams significantly

[@SDFNI3894YR]

nice. modi hai toh mumkin hai.

[@pctribe7943]

Love to see these phenomenal initiatives in the India love this stable BJP govt! God bless India!

[@locusstandi8329]

Better patent UPI and ULI. India has the most digital payments in the world several times more than China's digital payments still some Charlatans claim China has most digital payments and is more digitalized.

[@AADIBAWA]

U R AWESOME IF U SEE MOUSE POINTER ON TOP

[@Harshal_Goyal]

Amazing

[@gangadharraouppalapati9449]

Jai Bharat.

[@sanandn.r7889]

Jai hind

[@cricketfeverstudios4514]

THE POWER OF UPI IS THE POWER OF THE INDIAS ECONOMY AS MORE IMPORT MANUFACTURING AND GLOBAL BPO SERVICES INCREASE WE ARE NOT TOO FAR IN BECOMING A DEVELOPED NATION

[@MyThoughts4U]

UPI stands for Unified Payment Interface.

[@ad67804]

good initiative

[@cpandit803]

He should be our Finance Minister.. better than Sitharaman

[@myvisuals8794]

Visionary RBI

[@Marathi-rk5lq]

UPI NEEDS MORE SECURITY, JUST SOME OTP no. is not sufficient it needs 2-3 layer that can protect data