Investment13 May 2026, 08:41 pm
SecMark to Invest ₹15 Cr in Account Aggregator Business
AI Summary
SecMark Consultancy Ltd's board approved a proposal to invest up to ₹15 Crore in a subsidiary, joint venture, or another entity promoted by the company to undertake the business of an Account Aggregator (NBFC-AA). This investment is subject to obtaining necessary approvals and compliances from regulatory authorities like the RBI. The move aims to expand the company's presence in the digital financial services ecosystem.
Key Highlights
- SecMark to invest up to ₹15 Cr in Account Aggregator business.
- Investment will be made through a subsidiary, JV, or another entity.
- RBI approval is required for the Account Aggregator (NBFC-AA) venture.
- The move aims to expand presence in digital financial services.