Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.87)

87. 

Which bank first bank to go live on RBI's 'Account Aggregator Framework'?

[A]. Yes Bank
[B]. Axis Bank
[C]. IndusInd Bank
[D]. SBI

Answer: Option C

Explanation:

IndusInd Bank announced that it has gone live as a 'Financial Information Provider' (FIP) under the new 'Account Aggregator Framework' of the Reserve Bank of India (RBI), making it the first bank in the country to do so. With this, customers can now avail a host of benefits such as viewing statements of their accounts, track deposits, plan investments (such as shares, mutual funds, Insurance, EPF, PPF), avail credit cards, etc. on a single window, thereby empowering them to take informed decisions pertaining to their finances.

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