← 8 October 2026's Current Affairs · Economy GA Prelims ★★★★☆ Mains ★★★☆☆
RBI allows interoperability among Account Aggregators
ಸುದ್ದಿಯಲ್ಲಿ ಏಕೆ?
Banks can't share your data without consent: the NBFC-Account Aggregator rule GS3 Banking answers need
Interoperability among NBFC-Account Aggregators widens consent-based data sharing.
Why it matters: factual, Prelims-type
What you need to know
2 ನಿಮಿಷ
The Reserve Bank will allow Account Aggregators to work with one another, so a customer can see assets across institutions in one view and share data faster for credit assessment.
It will also integrate bank deposits with consolidated account statements.
Account Aggregators are a category of non-banking financial company regulated by the RBI that share financial data only with the customer's consent.
ಮೂಲಗಳು: Topper IAS editorial (PIB / The Hindu / Indian Express)
ಮುಖ್ಯ ಅಂಶಗಳು
Remember these
- Account Aggregators (AAs) are a distinct category of NBFC regulated by the RBI, licensed as NBFC-AA.
- An AA shares a customer's financial data only with the customer's consent; it does not store or use the data itself.
- RBI will allow AAs to work with one another (interoperability), giving customers one view of assets across institutions.
- Bank deposits will also be integrated with consolidated account statements.
- Faster data sharing helps lenders in credit assessment, supporting financial inclusion.
ಪ್ರಿಲಿಮ್ಸ್ · ಮೇನ್ಸ್
How the exam will ask it
ಪ್ರಿಲಿಮ್ಸ್
- Account Aggregators are a category of non-banking financial company regulated by the Reserve Bank of India.
- An Account Aggregator shares financial data of a customer only with the customer's consent.
- Interoperability among Account Aggregators lets a customer view assets held across different institutions in one place.
- Account Aggregators are not lenders and do not take deposits; they act as consent-based data intermediaries.
ಮೇನ್ಸ್
GS3 Economy (Banking, Fintech, Financial inclusion): Fragmented financial data restricts credit access, especially for thin-file borrowers. The RBI's NBFC-AA framework, now extended with interoperability and integration with consolidated account statements, enables consent-based sharing and faster credit assessment. The way forward lies in strong data protection under the DPDP framework, consent literacy, and cybersecurity safeguards for the ecosystem.
Quick recall
Answer before you reveal
ಗ್ರಾಹಕರ ಒಪ್ಪಿಗೆಯೊಂದಿಗೆ ಆರ್ಥಿಕ ಮಾಹಿತಿಯನ್ನು ಸಂಗ್ರಹಿಸಿ ಹಂಚಿಕೊಳ್ಳಲು ಆರ್ಬಿಐ ಪರವಾನಗಿ ನೀಡುವ ಸಂಸ್ಥೆಗಳನ್ನು ಹೀಗೆ ವರ್ಗೀಕರಿಸಲಾಗಿದೆ:
- NBFC-ಖಾತೆ ಸಂಗ್ರಾಹಕರು (Account Aggregators)
- NBFC-ಪೀರ್ ಟು ಪೀರ್ ಸಾಲ ವೇದಿಕೆಗಳು
- NBFC-ಸೂಕ್ಷ್ಮ ಹಣಕಾಸು ಸಂಸ್ಥೆಗಳು
- NBFC-ಮೂಲಸೌಕರ್ಯ ಸಾಲ ನಿಧಿಗಳು
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: A — ಖಾತೆ ಸಂಗ್ರಾಹಕರು ಒಪ್ಪಿಗೆ ಆಧಾರಿತ ಹಣಕಾಸು ಮಾಹಿತಿ ಹಂಚಿಕೆಗಾಗಿ ಆರ್ಬಿಐ ರೂಪಿಸಿದ ವಿಶೇಷ NBFC ವರ್ಗ.
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