Indian Neobank Fi Adopts RBI Account Aggregator Framework - NewsBreak

According to the regulations, companies must first obtain an RBI certificate of registration before operating as an account aggregator. Every company seeking registration as an account aggregator shall have a net owned fund of at least ? two crore, or more if the RBI demands it. Those already governed by other financial sector regulators and who are only aggregating accounts relating to that particular sector are excluded.