Kerala HC Upholds Life Terms For Five, Acquits Two in Renjith Johnson Murder, Says TIP Not Needed || Kerala HC Orders Emergency Electric Fencing at Tribal School to Address Rising Wildlife Conflict || Madras HC: Arbitrator Can’t Pierce Corporate Veil to Bind Non-Signatory and Partly Sets Aside Award || Calcutta HC: Post-Award Claim For Municipal Tax Reimbursement is Not Maintainable under Section 9 || Tripura HC: Tax Authorities Cannot Revive Repealed VAT Powers or Retain Deposits Without Law || J&K&L HC: Obtaining a Passport is a Constitutional Right; Citizens Need Not Prove Travel Necessity || Allahabad HC: Police Report in Non-Cognizable Offence is a Complaint; Accused Must Be Heard First || Kerala HC: Hospitals Must Display Rates and Cannot Deny Emergency Care For Lack of Advance Payment || Orissa HC: Convict’s Refusal to Appeal Through Legal Aid Must be Recorded in Writing || SC Halts Deer Translocation From Delhi’s AN Jha Park And Orders a Probe into DDA Negligence

RBI floats Draft Regulatory Framework for Account Aggregator Companies to facilitate Consolidated Viewing of Financial Assets Holdings- (Reserve Bank of India) (03 Mar 2016)

MANU/RPRL/0077/2016

Banking

The Reserve Bank of India released a draft of the directions Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 to put in place the regulatory framework to allow a new kind of Non-Banking Financial Company, which could act as an account aggregator. The RBI had previously issued a press released creating a separate category of NBFC called Non-Banking Financial Company - Account Aggregator to provide account aggregation services. Suggestions and comments on the draft directions are being received till March 18, 2016.

Tags : NBFC ACCOUNT AGGREGATOR DIRECTIONS

Share :