RBI Designates Sahamati Foundation as Self-Regulatory Organization for Account Aggregator Network
An Account Aggregator serves as an RBI-regulated consent broker that safely transfers financial datasets between financial institutions without storing the customer's data.
Institutions holding the user data are classified as Financial Information Providers (FIPs), whereas institutions accessing the data are Financial Information Users (FIUs).
Aspirants should understand that establishing an SRO like Sahamati ensures ethical compliance, standardizes technical protocols, and boosts public confidence in digital data sharing.
Key Facts / Static GK
SRO stands for Self-Regulatory Organization
FIP stands for Financial Information Provider
FIU stands for Financial Information User
Q Practice Quiz — 10 June 2026
1. Who has assumed charge as the Director of the ICAR-National Academy of Agricultural Research Management (ICAR-NAARM) in Hyderabad?
Explanation: Raman Meenakshi Sundaram has taken charge as the Director of ICAR-National Academy of Agricultural Research Management (ICAR-NAARM) in Hyderabad.
2. What is the primary objective of the newly launched 'LPMS - VINIMAY' portal?
Explanation: The LPMS - VINIMAY system is a single digital platform developed to streamline cross-border trade, cargo logistics, and passenger clearances at land ports.
3. The first export consignment of the GI-tagged Tezpur Litchi was facilitated to Dubai from which Indian state?
Explanation: The GI-tagged Tezpur Litchi belongs to Assam, and its first export consignment to Dubai was recently facilitated by APEDA.
4. Which state government launched the 'Blue Valley Cluster Initiative' in collaboration with the European Union?
Explanation: The Assam Government and the European Union (EU) jointly launched the Blue Valley Cluster Initiative in Guwahati to strengthen cooperation in the bioeconomy sector.
5. Which private sector bank has partnered with Centrum Finverse to launch an integrated 3-in-1 account?
Explanation: Bandhan Bank has partnered with Centrum Finverse Ltd to launch an integrated 3-in-1 account (comprising Banking, Demat, and Trading accounts) on a single platform.
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