2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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State Bank of India
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Union Bank of India
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Indian Bank
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Detailed explanation-1: -Union Bank of India has become the first public sector bank to go live on the Account Aggregator (AA) ecosystem. The AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
Detailed explanation-2: -Detailed Solution. Allahabad Bank is the oldest public-Sector bank of India. It was established in the year 1865.
Detailed explanation-3: -Some public sector banks have recently connected to the AA ecosystem. What is the expansion of AA? Notes: Public sector lender Punjab National Bank (PNB) has gone live on the account aggregator ecosystem as financial information user (FIU) as well as financial information provider (FIP).
Detailed explanation-4: -Mumbai – April 29, 2022: Union Bank of India becomes the first public sector Bank to go live on the Account Aggregator Ecosystem for participating in Govt.