PrepMaticCurrent affairs · October 2026
RBI announces Account Aggregator interoperability and a Technical Consultative Committee
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Along with the repo rate decision, the Reserve Bank of India issued a Statement on Developmental and Regulatory Policies on 7 October 2026. It has two measures: interoperability among NBFC-Account Aggregators (NBFC-AAs), and a new Technical Consultative Committee for Financial Markets.
Account Aggregator interoperability
RBI has decided to make NBFC-AAs interoperable. A customer will be able to access and share financial information held with different Financial Information Providers (FIPs) through any NBFC-AA of their choice, instead of being tied to one.
A second step involves SEBI-regulated depositories. They are being facilitated to include bank deposit account information in the Consolidated Account Statement (CAS) through NBFC-AAs. A demat account holder can then see demat holdings and bank deposits at one place. People without demat accounts can still get a consolidated view of their financial information through NBFC-AAs.
RBI expects both measures to be implemented by 31 December 2026.
Technical Consultative Committee for Financial Markets
The committee will be a forum for structured engagement between RBI and market participants. Its scope covers the money market, the government securities market and the foreign exchange market, along with the related derivative markets and infrastructure. Its composition and terms of reference will be notified separately.
Why it matters for exams
The Account Aggregator framework, CAS and the RBI-SEBI link are common banking and financial awareness topics for IBPS, SBI and RBI Grade B mains. Use the banking awareness guide to place such RBI announcements in your notes.
Practice questions
Question 1
By which date does RBI expect NBFC-AA interoperability to be implemented?
- A. 31 October 2026
- B. 30 November 2026
- C. 31 December 2026
- D. 31 March 2027
Question 2
The Technical Consultative Committee announced on 7 October 2026 is meant for engagement on which markets?
- A. Commodity and insurance markets
- B. Money, government securities and foreign exchange markets
- C. Equity and mutual fund markets only
- D. Real estate and housing finance markets
Answers
- C. RBI expects both account aggregator measures to be in place by 31 December 2026.
- B. The committee covers money, government securities and forex markets and the related derivative markets and infrastructure.
Source
Statement on Developmental and Regulatory Policies, 7 October 2026 (RBI).
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