India Account Aggregator Framework (RBI)
Chapter II: Board policies and registration – India Account Aggregator Framework (RBI)

India Account Aggregator Framework (RBI) 12(2): Para 12(2): registration conditions met and kept

What does 12(2) require?

The Reserve Bank must be satisfied that the company has the resources and wherewithal to serve customers, an adequate capital structure, fit and proper promoters, management whose character is not prejudicial to the public interest, a plan for a robust IT system, a leverage ratio of no more than seven, that the public interest is served by registration, and any further condition the Bank specifies; failing any of these later is a ground for cancellation (12(6)(iv)).

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