RBI lets depositories show bank deposits in CAS
In short
The RBI said SEBI-registered depositories will be able to show bank deposit details in consolidated account statements. It also said NBFC-Account Aggregators will become interoperable, and both changes will be in place by December 31, 2026.
This could make account records easier for customers to read and use. The reporting does not say exactly how the changes will work for each bank or investor.
What the reporting says
The RBI announced on the available reporting that SEBI-registered depositories will be allowed to include bank deposit details in consolidated account statements, with the measure operational by December 31, 2026. The central bank also said NBFC-Account Aggregators will gain interoperability and that it will set up a Technical Consultative Committee for Financial Markets. The immediate impact is clearer account reporting; the exact implementation details are not stated.
Why it matters
The RBI announced measures that affect customer account reporting and market infrastructure, including SEBI-registered depositories, bank deposit details in consolidated account statements, and interoperability among NBFC-Account Aggregators. The changes are scheduled to be operational by December 31, 2026. The reporting also mentions a Technical Consultative Committee for Financial Markets. What the final process will look like for customers and institutions is not stated.