Explained | What is RBI’s pilot programme for facilitating ‘frictionless’ and ‘timely’ credit?
Image for representation | Photo Credit: NAGARA GOPAL The story so far: On August 17, the Reserve Bank of India (RBI) commenced a pilot programme endeavouring to evaluate the feasibility of the ‘Public Tech Platform for Frictionless Credit’. The announcement was first made when the central banking regulator enumerated developmental and regulatory policies following the conclusion…