RBI Mandates NBFC-AA Interoperability and Forms New Market Committee by 2026
The RBI will implement NBFC-AA interoperability by late 2026 and launch a new technical committee to oversee evolving financial market infrastructure and policy operations.
💡 Key Takeaways
- NBFC-Account Aggregators will achieve full interoperability by December 31, 2026, allowing seamless financial data sharing.
- SEBI-regulated depositories will integrate bank deposit data into Consolidated Account Statements.
- A new Technical Consultative Committee will formalize engagement between the RBI and market participants on policy and infrastructure.
📋 Executive Summary
📊 Sentiment Analysis
❓ Frequently Asked Questions
The mandate aims to enhance customer convenience by allowing users to access and share financial information across different providers through any NBFC-AA of their choice.
The committee will serve as a structured forum for the Reserve Bank to engage with market participants on policy and operational matters regarding money, government securities, and foreign exchange markets.
📰 Source
⚠️ Disclaimer: This content is for training purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.