RBI Issues Self-Regulatory Framework for Account Aggregators – Key Details & Impact
The Reserve Bank of India (RBI) has introduced a regulatory framework for the establishment of a Self-Regulatory Organisation (SRO) for Account Aggregators (AAs). This move aims to enhance governance, compliance, and transparency in the financial data-sharing ecosystem. Account Aggregators play a crucial role in facilitating seamless data sharing between financial institutions while ensuring user consent…