SC: Menstrual Health is a Fundamental Right under Article 21; Orders Free Sanitary Pads in Schools || Supreme Court: Industrial Court is the Proper Forum to Decide Issues Relating to Contract Labour || Supreme Court: Only Civil Court of Original Jurisdiction Can Extend Arbitral Tribunal’s Mandate || SC: Demolition of Private Property Must Rest on Clear Statutory Grounds and Due Consideration || SC: After Complaint Was Withdrawn, BCI Disciplinary Committee Could Not Penalise Advocate || MP HC: Decree Holder Cannot Defeat Compromise or Initiate Execution by Refusing Debtor’s Cheque || MP HC: Spouse’s Income Cannot Be Clubbed With Public Servant’s for Disproportionate Assets Case || Ker HC: Bar Association is Not Employer & Cannot Form Internal Complaints Committee under POSH Act || SC: Ex-Contract Workers Must Be Preferred When Employers Replace Contract Labour With Regular Staff || SC: Waqf Tribunals Cannot Hear Claims over Properties Not Listed or Registered under Waqf Act

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 :