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The platform would enable linkage with services such as Aadhaar e-KYC, land records from onboarded state governments (Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Maharashtra), satellite data, PAN validation, Aadhaar e-signing and house/property search data, among others.
Home Loan: Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI.
RBI governor Shaktikanta Das said the monetary policy committee had decided to keep the repo rate steady at 6.5 per cent.
The Reserve Bank of India is developing an innovative digital platform that will enable the smooth transmission of crucial digital data to lenders, facilitating effortless credit provision. The platform will have an open structure with APIs and standards allowing all participants in the financial sector to connect effortlessly via a 'plug and play' model. The platform will be introduced as a pilot project with a measured approach regarding access to information providers and use cases.
Unveiling the bi-monthly monetary policy, RBI Governor said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI