RBI announces linking of pre-sanctioned credit lines with UPI to enhance faster credits

Mumbai (Maharashtra) [India], December 6 (ANI): In its latest monetary policy announcement on Friday, the Reserve Bank of India (RBI) Governor Shaktikanta Das unveiled significant measures to enhance the financial ecosystem, focusing on payment systems and the responsible integration of frontier technologies like Artificial Intelligence (AI).

The RBI proposed extending the scope of pre-sanctioned credit lines via the Unif