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RBI Introduces Interoperability for NBFC Account Aggregators
M
Moneycontrol•07-10-2026, 12:07
RBI Introduces Interoperability for NBFC Account Aggregators
- •The Reserve Bank of India has permitted interoperability among NBFC Account Aggregators to simplify financial data sharing for consumers.
- •Customers can now aggregate their financial information using multiple account aggregators by registering with just a single platform.
- •The new framework is scheduled to be fully implemented by the end of 2026.
- •Industry experts note that this move will strengthen India's digital credit infrastructure and reduce fragmentation in the ecosystem.
Key Questions Answered
It allows customers to aggregate their financial information through various account aggregators by onboarding onto only one account aggregator platform.
The new framework allowing interoperability among NBFC Account Aggregators will be implemented by the end of 2026.
Sahamati has been recognised by the Reserve Bank of India as the Self-Regulatory Organisation for India's Account Aggregator ecosystem to support interoperability and standards.
