Axis Bank has started disbursing loans through the Account Aggregator (AA) framework, which enables easy and instant access to financial information of customers in a secure manner. The bank has already gone live on multiple Account Aggregators like Anumati-AA, OneMoney-AA and FinViu-AA, covering retail and SME customers. An early investor in the AA framework, Axis Bank's loan disbursals have increased more than 30 per cent month-on-month since going live on the data sharing platform. The bank offers personal loans, credit cards, auto loans and small business loans through the account aggregator system.
AA is a powerful proposition which is scaling up rapidly allowing easy and instant access to financial information of customers in a safe and secure manner. For customers, the AA framework is a big enabler as their financial information spread across multiple banks, insurers, mutual funds and other institutions are consolidated under a single digital framework, making it easily accessible.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
Company Name | CMP |
---|---|
HDFC Bank | 1494.60 |
ICICI Bank | 1055.45 |
Axis Bank | 1024.15 |
Indusind Bank | 1481.80 |
Kotak Mahindra Bank | 1786.15 |
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