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    Question

    Which platform was rebranded as the Unified Lending

    Interface (ULI) under the Reserve Bank Innovation Hub (RBIH)?
    A Bharat Interface for Money (BHIM) Correct Answer Incorrect Answer
    B Public Tech Platform for Frictionless Credit (PTPFC) Correct Answer Incorrect Answer
    C Unified Payments Interface (UPI) Correct Answer Incorrect Answer
    D Bharat Bill Payment System (BBPS) Correct Answer Incorrect Answer
    E National Automated Clearing House (NACH) Correct Answer Incorrect Answer

    Solution

    The Public Tech Platform for Frictionless Credit (PTPFC) was rebranded as the Unified Lending Interface (ULI) to facilitate more streamlined and accessible credit services under the RBI Innovation Hub. The Reserve Bank of India (RBI), as part of its strategy to create digital public infrastructure in the country, has announced that a new technology platform called the Unified Lending Interface (ULI) would be introduced by the Reserve Bank Innovation Hub, Bengaluru which will enable friction-less credit to farmers and MSME borrowers to begin with.

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