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Question

All public sector bank joined the Account Aggregator Network of _______.

A SEBI Correct Answer Incorrect Answer
B RBI Correct Answer Incorrect Answer
C Mutual Fund Trust Correct Answer Incorrect Answer
D PFRDA Correct Answer Incorrect Answer
E IRDAI Correct Answer Incorrect Answer

Solution

All the 12 public sector banks have joined the account aggregator (AA) framework. As many as 22 major private sector and public sector banks (PSBs) have onboarded the framework since its launch in September 2021 by RBI. Around 1.1 billion accounts, including all major public and private bank accounts, are now a part of the India’s Account Aggregator.

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