2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDFC Bank
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Kotak Mahindra Bank
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Union Bank
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HDFC 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.
Detailed explanation-2: -Allahabad Bank is the oldest Public Sector Bank of India. It was established in 1865.
Detailed explanation-3: -Detailed Solution. Allahabad Bank is the oldest public-Sector bank of India. It was established in the year 1865.
Detailed explanation-4: -The AA ecosystem was conceived in 2016 but was officially launched in September 2021.
Detailed explanation-5: -Account Aggregator (AA) framework is a data-sharing system that is required for making investments or accessing credit, among other financial services. As a consumer, you can decide whom to share your data with and for how long. The concept was introduced by the Reserve Bank of India (RBI) in September 2021.