Sunday, 1 June, 2025

RBI to Overhaul Digital Banking Rules, Expand Lending Interface, and Boost CBDC Pilots

The Reserve Bank of India (RBI) plans to revamp internet and mobile banking regulations, broaden the Unified Lending Interface (ULI) by adding more loan products and lenders, and introduce new business-to-customer functionalities. Additionally, the RBI aims to expand Central Bank Digital Currency (CBDC) pilots to include cross-border payments, develop AI ethics guidelines, and enhance cybersecurity measures through initiatives like MuleHunter and digital forensic readiness frameworks.