MUMBAI, India, June 5 -- Reserve Bank of India issued the following press release:
The Reserve Bank had issued the press release on 'Invitation of applications for recognition of Self-Regulatory Organisation(s) for the Account Aggregator Ecosystem (SRO-AA)' dated March 12, 2025 inviting applications for recognising an SRO-AA.
2. An application seeking recognition as an SRO-AA by the Reserve Bank was received from Sahamati Foundation. The application was examined against the relevant requirements as prescribed under the 'Framework for recognising Self-Regulatory Organisations (SROs) for the Account Aggregator Ecosystem' dated March 12, 2025.
3. Based on the examination, it has been decided to recognise Sahamati Foundation as an SRO for th...