Start learning 50% faster. Sign in now
The account aggregator (AA) facilitates sharing of financial information in a real-time and data-blind manner between regulated entities. UPI moment for lending, the AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents. UPI moment for lending, the AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents. The framework facilitates sharing of financial information on a real-time basis between regulated entities. AAs are licensed by the Reserve Bank of India to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). IPs are institutions that hold customer data and FIUs are entities that consume data to offer better service, underwrite loans, and so on. Banks and other financial institutions must become FIPs to be able to also become users of data from other financial institutions. Union Bank of India has said that it will work both as an FIU and FIP to allow its customers to share data digitally on a real-time basis. Major private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank are already live as FIPs and FIUs. There are 34 banks, non-banking financial companies (NBFCs) and other institutions so far live on AA, including Federal Bank, IDFC First Bank and IndusInd Bank.
Which of the following statements is / are true?
If in the number 86548246, 3 is subtracted to first four digit of the number and 1 is added to rest of the digits then how many digits are repeating in ...
The number of boys in a class is five times the number of girls. Which of the following numbers cannot represent the total number of children in the class?
Three bells ring at intervals of 28 seconds, 60 seconds, and 84 seconds, respectively. How many times will all three bells ring together in a span of 10...
'A' and 'B' together build a wall in 48 days. If 'A' builds the wall in 120 days, then find the time taken by 'B' to build the wall.
Vikas invested Rs. 12,000 at an annual compound interest rate of 30%, with the interest being compounded every 10 months. How much interest did Vikas ea...
If a sum invested at compound interest of 25% p.a., compounded annually becomes Rs. 18,750 after 2 years, then find the sum invested.
Difference between a number and its square root is 42. Find the number.
A child is half as efficient as a man. How much time do 8 children need to build a wall that is 60% the size of the wall built by the 12 men in 15 days?
A right circular cone has a radius of 9 cm and a height of 12 cm. Find the curved surface area of this cone.