RBI Designates Sahamati Foundation as Self-Regulatory Organisation for India's Account Aggregator Network
In compliance with the RBI's March 2025 guidelines, the recognized SRO-AA must be registered as a Section 8 (not-for-profit) company under the Companies Act, 2013.
The Sahamati Foundation is required to build and maintain a minimum net worth of ₹2 crore within one year of its recognition and sustain this capital standard thereafter.
To preserve neutrality, the shareholding of the SRO-AA must remain diversified, dictating that no single group or entity may hold 10% or more of its paid-up share capital.
This regulatory recognition is designed to bolster consumer trust and secure consent-based financial data-sharing across India's financial system, which currently encompasses over 1,120 regulated entities and 17 active Account Aggregators.
Key Facts / Static GK
Account Aggregators are RBI-regulated entities that facilitate consent-based financial information sharing.
Practice Quiz — 12 June 2026
Q1. Which of the following statements is/are correct regarding the RBI guidelines for a Self-Regulatory Organisation in the Account Aggregator ecosystem (SRO-AA)?\n1. The SRO-AA must be registered as a Section 8 company under the Companies Act, 2013.\n2. It must maintain a minimum net worth of ₹5 crore within one year of recognition.\n3. No single entity or group acting in concert can hold 10% or more of the paid-up share capital.
Q2. The transition from the Wholesale Price Index (WPI) to the Producer Price Index (PPI) is primarily intended to address which major limitation of the traditional WPI framework in India?
Q3. A public sector enterprise in India with an annual CSR expenditure of ₹20 crore decides to invest in Zero Coupon Zero Principal (ZCZP) instruments issued by an eligible NPO listed on the Social Stock Exchange (SSE). Under the updated MCA guidelines, what is the maximum amount this company can allocate for this investment?
Q4. Which country comfortably led the global market in annual solar capacity additions during 2025, according to the International Renewable Energy Agency (IRENA) report?
Q5. The launch of the P2P payment linkage between India and Nepal connects which two platforms to facilitate digital remittances?
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