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In October 2020, which bank has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI)?

In October 2020, which bank has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI)? Correct Answer IndusInd Bank

The correct answer is IndusInd Bank.

  • IndusInd Bank has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI).
  • This made 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, avail credit cards, etc. on a single window.

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