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.
Which dance form is popular in the Bundelkhand region of Uttar Pradesh?
What is the current SLR(Statutory Liquidity Ratio)?
Which is the state sport of Haryana?
When do we observe Veer Bal Diwas in the month of December in India?
The ninth Army to Army Staff Talks were held in which city between the two countries India and Australia?
Recently, which of the following states has launched the Nalaya Thiran Skills Program for college students?
Which of these districts of Haryana does not covers under Shivalik range?
Chhatrapati Shahuji Maharaj (King George's) Medical University is located in which district of Uttar Pradesh?
Under the Pradhan Mantri Suryodaya Yojana, what percentage of the cost of installing solar power systems is now covered by the government?
Who has been appointed as the Prime Minister of the country Somalia?