RBI Expands Account Aggregators & Bank Deposit Statements

The Reserve Bank of India has launched a series of major developmental and regulatory measures aimed at upgrading the country’s financial infrastructure. Released on October 7, 2026, the announcements introduce significant updates to customer asset visibility and data sharing alongside broader market developments involving institutions like Punjab National Bank and Bank of Baroda navigating rate adjustments.

Enhancing the Account Aggregator Framework

The central bank is tackling system silos by rolling out key functional upgrades across digital platforms. These changes seek to give retail customers a unified interface for tracking wealth.

Key regulatory updates include:

• Introduction of full interoperability among Non-Banking Financial Company-Account Aggregators.
• Inclusion of bank deposit account data into SEBI-regulated Consolidated Account Statements.
• Establishment of a new Technical Consultative Committee for Financial Markets.
• Implementation deadline set for December 31, 2026.

By enabling interoperability, users can share their financial data across different providers through any NBFC-AA they prefer. Demat account holders will now be able to view their bank savings alongside their investments in a single document.

Structuring Future Market Dialogues

The creation of the Technical Consultative Committee for Financial Markets forms a formal bridge between the regulator and industry participants. This body will examine operational issues across foreign exchange, money markets, and government securities.

These combined regulatory shifts and repo rate hikes impacting major lenders point toward a more integrated and transparent financial tracking mechanism for retail participants across India.