HomeOct 3, 2023Mar 25, 2019
Search Results for "Reserve Bank of India"
2 results for "Reserve Bank of India"
Deals 2
India's Slice Merges with North East Small Finance Bank After RBI Approval
Indian fintech unicorn Slice received Reserve Bank of India approval to merge with North East Small Finance Bank, creating a combined digital-first banking entity. The deal is one of the rarest instances of a fintech acquiring a banking license through merger in India. At least $125 million in new investor commitments followed the announcement.
India's RBI Advances Account Aggregator API Framework for Financial Data Sharing
India's Reserve Bank of India progressed its Account Aggregator framework, granting in-principle approvals for API-based financial data sharing platforms. The framework enables consent-based data aggregation across banks and financial institutions, expected to launch in 2019-20. This regulatory initiative underpins open banking and embedded finance in India.