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Which of the following has received in-principle approval from RBI to set up an account aggregator business under its wholly-owned subsidiary?

Which of the following has received in-principle approval from RBI to set up an account aggregator business under its wholly-owned subsidiary? Correct Answer NSDL e-Governance Infrastructure

The correct answer is NSDL e-Governance Infrastructure.

Key Points

  • NSDL e-Governance Infrastructure has received in-principle approval from RBI to set up an account aggregator business under its wholly-owned subsidiary, NSDL e-Governance Account Aggregator Ltd.
  • Account aggregator is a first-of-its-kind consent framework that empowers an individual with control over his or her data, and the ability to securely and digitally access and share the same. 

Important Points

  • NSDL e-Governance has created strong e-governance interventions impacting multiple sectors of the Indian economy, such as modernising the direct tax infrastructure, strengthening the old-age security infrastructure, promoting financial inclusion.
  • Over the years NSDL e-Governance has implemented and managed 18 projects spread across seven ministries and autonomous bodies, ushering positive change in the public delivery of services.
  • The data empowerment and protection architecture enable the collection and use of personal data in ways that empower people to access better financial, healthcare and other socio-economically important services in real-time while preserving the safety, security and privacy of the user.

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