RBI to Launch Unified Portal for Bank Data Management, Boost MSME Loans

• RBI Governor Sanjay Malhotra announced the upcoming launch of a unified portal to streamline bank data management, particularly for the lead bank scheme.
• The portal aims to enhance transparency and efficiency in banking operations, centralizing data management and reporting for bank-led initiatives like priority sector and MSME lending.
• This initiative is part of broader measures to strengthen financial stability and customer protection.
• RBI also proposed increasing the collateral-free loan cap for MSMEs from ₹10 lakh to ₹20 lakh.
• Other proposals include draft guidelines on digital banking safety and a framework for compensating customers for small-value fraudulent transactions.