Credit line on UPI – Extending the scope of Small Finance Banks (SFBs)

News Financial services English Law & Policy Updates

Date: 12th Feb, 2025 Source: Reserve Bank of India Country: India Original Source

Brief

The Reserve Bank of India (RBI) has extended the scope of credit lines on the Unified Payments Interface (UPI) to Small Finance Banks (SFBs). This update allows SFBs to offer pre-sanctioned credit lines via UPI, enabling broader access to digital credit for small businesses and individuals. The announcement follows the RBI’s Statement on Developmental and Regulatory Policies issued on December 6, 2024.

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Reserve Bank of India

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Credit line on UPI – Extending the scope of Small Finance Banks (SFBs)

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Credit line on UPI – Extending the scope of Small Finance Banks (SFBs)

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Reserve Bank of India

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