PB Fintech’s arm gets RBI’s in- principle nod to set up business of account aggregator

12 Jan 2023 Evaluate

PB Fintech’s wholly owned subsidiary -- PB Financial Account Aggregators has received in- principle approval from Reserve Bank of India (RBI) for setting up the business of Account Aggregator on January 10, 2023.  PB Financial Account Aggregators had been incorporated on February 03, 2022 to carry on the business of an ‘Account Aggregator’, thereby undertaking the activity of retrieving or collecting financial information pertaining to its customers and consolidating, organizing and presenting such information to the customer or any other person as per the instructions of the customer (consent based infrastructure).

PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.

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