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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.
National Level Pollution Response Exercise, NATPOLREX, it was its 8th edition this year is conducted by?
What is the proposed new base year for GDP calculation as suggested by the Ministry of Statistics and Programme Implementation (MoSPI)?
Which Five Year Plan in India has the tagline – Faster Sustainable and more inclusive growth?
What is the primary aim of currency devaluation?
Fill in the Blanks:
………………………… involves changing the interest rate and influencing the money supply. ……………….. ...
Identify the first credit rating agency established in India.
Which of the following institutions have wrote the book ‘Healthy Recipes for Defence’?
Who has been appointed as the new Vice Chief of the Indian Air Force?
Match the following Important Books on Economics with their respective Authors.
Books on Economics Author
(i) The Wealth of NationsA. Ir...
Which Metal is in liquid state at room temperature?