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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.
Which metal was used by Romans to mint the coins that were brought to India (Tamil Nadu)?
Gross Direct Tax collections for the Financial Year (FY) 2022-23 registered a growth of _________.
Which among the following is regarded as the leading cause of air pollution?
...First Spices Park of Rajasthan was established at -
Purpose of Agricultural Producers' Co-operative marketing society is
(1) Sale of agricultural products at higher price
(2) Produce pledge ...
What is the name of the Earth's outermost solid layer?
Rabindranath Tagore Beach is the main beach in Karwar town, 50 km between Goa.
Which Harappan city was divided into three sections?
The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2021, was introduced in Rajya Sabha by whom among the following Ministers for Tribal Affairs?
'Rajasthan Kabir Yatra' is related to which of the following field?