2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank first bank to go live on RBI’s ‘Account Aggregator Framework’?
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Yes Bank
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Axis Bank
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IndusInd Bank
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SBI
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Explanation:
Detailed explanation-1: -IndusInd Bank becomes the first bank to go live on RBI’s Account Aggregator Framework.
Detailed explanation-2: -Union Bank of India has become the first public sector bank to go live on the Account Aggregator (AA) ecosystem.
Detailed explanation-3: -Union Bank of India became the first public sector bank to go live on the Account Aggregator (AA) ecosystem. The framework facilitates sharing of financial information on a real-time basis between regulated entities.
Detailed explanation-4: -The AA ecosystem was conceived in 2016 but was officially launched in September 2021.
There is 1 question to complete.