NBFC Account Aggregator to provide key services: RBI

Q.  RBI’s NBFC-AA Directions will put in place the regulatory framework to allow a new kind of Non-Banking Financial Company (NBFC), which could act ________ aggregator.
- Published on 07 Mar 16

a. Cash
b. Account
c. Gold
d. Silver

ANSWER: Account
 
Non-Banking Financial Company - Account Aggregator (NBFC-AA) to provide account aggregation services.RBI will regulate and supervise account aggregation to ensure that promised services translate into conformity with prescribed standards.

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