Now Reading: RBI allows Account Aggregator interoperability, deposit details in statements
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RBI allows Account Aggregator interoperability, deposit details in statements
RBI allows Account Aggregator interoperability, deposit details in statements
The Reserve Bank of India (RBI) on Wednesday (7 October 2026) announced two measures to ease financial information access for customers: interoperability among NBFC Account Aggregators (NBFC-AAs) and the inclusion of bank deposit details in consolidated account statements (CAS). Both measures are expected to be implemented by 31 December 2026.
Interoperability will allow customers to access and share financial information across different financial information providers through any NBFC-AA of their choice, rather than using multiple platforms. The RBI also facilitated Sebi-regulated depositories to include bank deposit account information in the CAS, enabling demat account holders to view holdings and deposits in one place. Customers without demat accounts can also obtain a consolidated view through NBFC-AAs.
Separately, the RBI said it will constitute a Technical Consultative Committee for financial markets to engage with market participants on policy and operational matters. The composition and terms of reference of the committee will be notified later.
Indian Opinion Analysis
Coverage of the RBI's two data-infrastructure measures is uniform across outlets, each reporting the same core facts: interoperability among NBFC-AAs, deposit details in CAS, and a 31 December 2026 deadline. Business Standard and CNBC-TV18 also note the separate Technical Consultative Committee, while Economic Times focuses on explaining the practical effect of interoperability for consumers. The uniform straight reporting leaves the policy’s implications unexamined by the sources, but the timing, announced alongside a repo rate hike, is noted by experts quoted in CNBC-TV18 who call the data steps significant for credit risk assessment in a tighter rate environment. The next concrete step is implementation by end-2026.
Coverage: 7 sources, 7 neutral
Sources (7): business-standard.com (neutral report), economictimes.indiatimes.com (neutral report), cnbctv18.com (neutral report), cnbctv18.com (2) (neutral report), cnbctv18.com (3) (neutral report), economictimes.indiatimes.com (2) (neutral report), business-standard.com (2) (neutral report)
This brief was synthesised by AI from the 7 sources linked above, so one read covers every framing they carry. Methodology and corrections.
