RBIH looks to tap Rapido, Swiggy, Amul data for UPI-like lending platform, says CEO Rajesh Bansal

The Reserve Bank Innovation Hub is developing a Unified Lending Interface. It is partnering with companies like Namma Yatri, Rapido, and Amul. The platform will use data to speed up loan approvals. Seven states have already joined the initiative. The goal is to make credit access easier, especially for small businesses and farmers.