An Account Aggregator is a Reserve Bank of India regulated entity that acts as a consent-based data intermediary. (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

State Bank of India's (SBI) managing director Ashwini Kumar Tewari on Wednesday expressed concerns over Account Aggregator's mechanism of obtaining a single consent from customers for all financial services products.

Speaking at an event in Mumbai, Tiwari argued that most customers do not read the fine print and often sign up without understanding the details.

An Account Aggregator is a Reserve Bank of India (RBI) regulated entity that acts as a consent-based data intermediary.

The Account Aggregator framework was introduced by the RBI to enable the easy sharing of data betwee

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