CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which Fintech firm has been approved by the Reserve Bank of India to operate as a non-banking financial company (NBFC) account aggregator?

A	Bill Desk
B	Cygnet
C	Mobikwik
D	Razorpay

Explanation:

Detailed explanation-1: -Account Aggregator is one of the largest open financing data-sharing protocols regulated by the RBI. Fintech firm Cygnet on Tuesday said it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator.

Detailed explanation-2: -Resilient Payments Private Ltd: BharatPe gets in-principle nod from RBI to operate as online payment aggregator - The Economic Times.

Detailed explanation-3: -Tata Capital Financial Services Limited is top of India’s leading NBFCs. Established in 2007, it is a subsidiary of Tata Sons Limited.

Detailed explanation-4: -Following Non-Banking Financial Institutions are spared from the requirement of registration with the Reserve Bank of India: Merchant Banking Companies/ Venture Capital Fund/ Stockbroking companies registered with SEBI. Chit companies as defined in clause (b) of section 2 of the Chit Funds Act, 1982.

There is 1 question to complete.