Question
Fintech firm Cygnet has received in-principal approval
from RBI to operate as _______.Solution
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.
UN Department of Economic and Social Affairs in collaboration with more than 60 international agencies, including the UN system and international financ...
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