Which public sector bank of India becomes first public sector bank to go live on Account Aggregator framework?
The account aggregator (AA) facilitates sharing of financial information in a real-time and data-blind manner between regulated entities. UPI moment for lending, the AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents. UPI moment for lending, the AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents. The framework facilitates sharing of financial information on a real-time basis between regulated entities. AAs are licensed by the Reserve Bank of India to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). IPs are institutions that hold customer data and FIUs are entities that consume data to offer better service, underwrite loans, and so on. Banks and other financial institutions must become FIPs to be able to also become users of data from other financial institutions. Union Bank of India has said that it will work both as an FIU and FIP to allow its customers to share data digitally on a real-time basis. Major private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank are already live as FIPs and FIUs. There are 34 banks, non-banking financial companies (NBFCs) and other institutions so far live on AA, including Federal Bank, IDFC First Bank and IndusInd Bank.
A Shopkeeper gives 4 articles free on the purchase of every 12 articles. He also allow a discount of 20% to customer and still earn 20% profit. Find the...
The combined average cost price of two items, Almonds and Walnuts, is Rs. 450. If Almonds are sold at a profit of 50% and Walnuts at a loss of 25%, resu...
A and B started a business with investments in the ratio 11:10 respectively. After 10 months, C joined them with an investment 40% more than the investm...
14% more is gained by selling a spectacles for Rs. 4288 than by selling it for Rs. 4113. Find the cost price of the spectacles.
A trader bought an article for Rs. 900 and marked it 20% above of its cost price. If he sold it after giving a discount of Rs. 45 then find the profit p...
A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.
...A shopkeeper sold three types of items A, B and C. He sold items A and B in the ratio of 16:21, while sold items C and A in the ratio of 5:8. The pri...
The marked price of an article is Rs. 400 more than its cost price. The article is sold at 25% discount such that the seller earns a profit of Rs. 25. F...
A, B and C enter into a partnership with capitals in the ratio 2/3 : 3/5 : 5/6 . After 8 months, A increases his share of capital by 25%. If at the end...