Chairman of SBI, CS Setty. (Image: Vishal Patel / Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

State Bank fo India Chairman CS Setty on Tuesday pitched for the creation of a 'National Financial Grid', which will connect all parts of the ecosystem to check fraud. The grid can include credit bureaus, fraud registries, e-KYC facilities, the unified payments interface platform, account aggregator and also the recently introduced unified lending interface (ULI), Setty said.

'Can we create an NFG that connects all the critical elements? It will be one unified open access infrastructure layer that can be leveraged across the ecosystem,' he added.

It will be a 'shared digital infrastructure for fraud and risk management', Setty noted.

Speaking at the CII

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