Mumbai, Dec. 29 -- The Unified Lending Interface (ULI), India's digital public infrastructure for frictionless credit delivery, has seen a sharp rise in adoption over the past year, showed the Reserve Bank of India's (RBI) report on trend and progress of banking in India 2024-25.

As of 12 December, a total of 64 lenders have been onboarded to the central bank's digital public infrastructure for the lending ecosystem, including 41 banks and 23 non-banking financial companies (NBFC). This marks a significant jump from the previous year, when 36 lenders were live on the platform as of 6 December 2024.

The expanded lender base reflects rising confidence in the ULI's standardized, protocol-driven architecture, which allows seamless access to...