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Which company has received in-principle approval from the Reserve Bank of India (RBI) to set up an Account Aggregator (AA) business?
NSDL e-Governance Infrastructure Ltd
Stock Holding Corporation of India Limited
CDSL Ventures Limited
Association of Mutual Funds in India
Central Depository Services (India) Limited
Correct Option is NSDL e-Governance Infrastructure Ltd
Solution:NSDL e-Governance got RBI’s approval to operate as Account Aggregator NSDL e-Governance Infrastructure Ltd, IT-enabled services provider, has received in-principle approval from the Reserve Bank of India (RBI) to set up an Account Aggregator (AA) business under its wholly-owned subsidiary, NSDL e-Governance AA Ltd. AA are data access fiduciary. It will be used for the exchange of financial information from Financial Information Providers (FIP) to Financial Information Users (FIUs) in a safe manner with due customer consent. AA network will not store/read the customers data in turn it will act as a pipeline between FIPs and FIUs.
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