in a stock market presentation On Monday, the Gurugram-based company said it received the registration certificate on October 21. The business will be operated by its subsidiary entity PB Financial. Account Aggregator.
An NBFC-AA is a special type of financial institution authorized by the central bank. It operates a network for the flow of financial data between multiple regulated institutions. Perfios, Setu, DigiO and similar entities are the other regulated NBFC-AAs.
PB Fintech had obtained in-principle approval from the RBI in January 2023. Now, with registration, it can begin its business operations.
In a recent interaction with ET, Paisabazaar CEO Naveen Kukreja said which eventually wants to expand the reach of the credit market by adding financial services as investment advice and others.
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