DFS held meeting with MD&CEO of Banks for Adoption of Unified Lending Interface (ULI)

Shri M. Nagaraju, Secretary Department of Financial Services and Shri T Rabi Sankar, Deputy Governor (DG), RBI, co-chaired a meeting with the MD and CEOs of select banks/ NBFCs/NABARD on July 16, 2025 at RBI, Mumbai to review the progress of Unified Lending Interface (ULI).

ULI is a loan processing model similar to UPI, designed to make loan disbursal faster and more efficient.

MD/CEOs of 12 Public Sector Banks, 18 Private Sector Banks, 3 Small Finance Banks, 6 NBFCs and DMD, NABARD were present.

The meeting was conducted to discuss about Unified Lending Interface (ULI). The Secretary emphasised ULI as a critical Digital Public Infrastructure (DPI) for the lending ecosystem and underscored the need to scale it up, enable end to end digital loan journeys, leveraging data/services available through ULI.

Secretary DFS further advised the MD and CEOs to monitor the progress on monthly basis. All the banks yet to join the initiative were advised to join the platform at the earliest.

DG, RBI urged banks onboarded to scale up their operation & adopt ULI as the default gateway for providing rule based loans & enable straight-through processing of loan journeys wherever feasible. Lenders were advised to nominate a nodal officer to coordinate with RBI.

What is ULI?

ULI will allow lenders to access the financial and non-financial data of customers including land records, credit scores, etc through a consent-based system. This platform will collect the data from multiple sources in a single place.

The main objective of ULI is to speed up the loan approval process by providing easy data access to lenders. It will be helpful for borrowers seeking quick loan approvals and lenders who need financial and non-financial data of borrowers for quick verification.