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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.
If ∆ ABC~∆ FDE such that AB = 9 cm, AC = 11 cm, DF = 16 cm and DE = 12 cm, then the length of BC is:
The circumference of a circle is 66 cm, and the length of the rectangle is 4 times the radius of the circle. Find the area (in cm 2 ) of the ...
A rectangular field has a perimeter of 82 meters, and the length of its diagonal measures 29 meters. Determine the area of the field.
A hollow cylindrical pipe is made of iron. The difference between the outer and inner curved surface area is 176 cm². The height of the pipe is 28 cm, ...
If the circumference of a circle is 352 cm then find the area of the circle?
The length of a rectangle is 15 cm more than its width. If the area of the rectangle is 240 cm², what is the perimeter of the rectangle?
A giant circular wheel has a diameter of 28 metres. In how many revolutions will the wheel cover a total of 26.4 km?
Height of a cylindrical vessel is equal to side of a square, whose area is 324cm². Radius of cylindrical vessel is equal to average of radius of a sphe...
The length of a cuboid is 8 cm and breadth is 7 cm. If the volume of the cuboid is 392 cubic cm, find the total surface area of the cuboid.
The perimeter of a rectangular field is 480 meters and the ratio between the length and breadth is 5:3. The area of the field is: