RBI allows financial data sharing across account aggregator apps
In short
The Reserve Bank of India allowed NBFC account aggregators to work together, so customers can share financial data across different apps.
This could make it easier for people to move their financial information between platforms. The report does not say when the change starts or what limits, if any, still apply.
What the reporting says
The Reserve Bank of India allowed interoperability among NBFC Account Aggregators, so customers can share financial data across different platforms. The change was reported by CNBC TV18 Business and is described as enabling seamless sharing through account aggregator apps. The immediate effect is simpler data movement for users, while the reporting does not state when the rule takes effect or whether any technical conditions apply.
Why it matters
The Reserve Bank of India allowed interoperability among NBFC Account Aggregators, according to a publisher summary. That means customers may be able to share financial information across different account aggregator apps instead of being tied to one platform. The reporting does not state implementation timing, technical rules, or any named firms affected beyond the account aggregator system.