Recently Reserve Bank of India gave approval to which of the following Fintech firm to operate as NBFC account aggregator?
Fintech firm Cygnet has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator. The account aggregator license will allow them to participate in the transformational changes that are taking place in the financial sector. Small and medium-sized businesses will get better credit facilities whilst banks and other financial institutions will get an opportunity to widen their lending portfolio. RBI Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business. Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used to access a vast array of financial services for your personal or business needs.
A person who is absolutely necessary for someone or something
Select the most appropriate synonym of the given word.
Obligatory
CARESS
India’s recent and ongoing (A) humanitarian food assistanse (B) to the people of Afghanistan, through the United Nations Food is an example of it...
A person interested in collecting, studying and selling of old things .
spiny-skinned invertebrates that are found on the ocean floor
Find the appropriate answer.
Select the INCORRECTLY spelt word.
A) Eccentric B) Genuine C) Ostensive D) Consign
...Which of the following is a synonym for "exquisite"?