The RBI announced on Wednesday that SEBI-registered depositories can include bank deposit details in consolidated statements by the end of 2026. This move helps investors track their bank deposits alongside securities and debt holdings easily. The central bank also allowed interoperability among NBFC account aggregators to simplify financial information management.
Synopsis
RBI announced measures to simplify financial tracking, allowing SEBI-registered depositories to include bank deposit details alongside securities, equity and debt holdings in a single consolidated statement by end-2026. It also approved interoperability among NBFC account aggregators, enabling financial information to be aggregated across multiple account aggregators through a single account.
The Reserve Bank of India (RBI) on Wednesday announced measures to allow SEBI-registered depositories to include bank deposit details in their statements, as Governor Sanjay Malhotra announced the central bank’s October monetary policy measures.
The RBI said the measure will be implemented by the end of 2026, allowing investors to access information on their bank deposits alongside securities, equity and debt holdings in a single consolidated statement, making it easier to manage their finances.
The central bank is also allowing interoperability among NBFC account aggregators, enabling aggregation of financial information through all account aggregators from one account aggregator.
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RBI MPC meet outcome
RBI Governor Sanjay Malhotra announced that the Indian central bank’s Monetary Policy Committee (MPC) after a detailed assessment of the evolving macroeconomic and financial conditions, developments, and the outlook, voted unanimously to increase the policy repo rate by 25 basis points to 5.5%. STF rate stands adjusted at 5.25%, and the marginal standing facility rate and the bank rate to 5.75%.
"The MPC noted that the global context, on account of geopolitical developments, remains challenging. Nonetheless, the Indian economy has been strong, and the economic momentum remains broad based.
Moreover, the economy is expected to remain resilient,” Malhotra said.
What lies ahead for Indian stock market?
With crude prices remaining firm and inflationary pressures continuing to linger, the RBI’s decision to hike repo rates was largely anticipated, said Dnyanada Vaidya, Research Analyst - BFSI, Axis Direct. “We expect another 25 bps rate hike to follow in the next MPC meeting. The regulator increased its growth forecast by 40 bps to 7.1% for FY27, while continuing inflationary pressures prompted the RBI to increase the inflation forecast to 5.2% vs 5% earlier,” he noted.
The RBI’s 25 bps repo rate hike to 5.50%, coupled with the shift to a calibrated tightening stance, signals a meaningful change in the policy cycle, said Ajit Mishra, SVP, Research - Religare Broking. While the hike itself was largely expected, the change in stance is the more important takeaway, indicating that inflation risks are now taking greater precedence, he noted.
“We expect the near-term market impact to remain selective, with rate-sensitive pockets facing pressure, while banks with stronger balance sheets and liability franchises should remain relatively better placed,” he added.
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