PSBs in talks for creating common digital infrastructure platform

Will set up a corporation to enable enhanced access to customers and businesses for credit offerings. This is in line with govt steps to boost digital banking and promote digital lending

Public sector banks (PSBs) are in discussion to set up a corporation for creating a common digital infrastructure platform as a joint initiative, the Parliament was informed.

The Digital Banking Infrastructure Corporation (DBIC) would be set up to enable enhanced access to customers and businesses for credit offerings. This is in line with a number of steps initiated by the government to facilitate digital banking and promote digital lending.

Minister of State for Finance Bhagwat Karad, in response to a query in Rajya Sabha, also said that retail loan disbursements amounting to Rs 40,819 crore have been made by seven