RBI allows Sebi-regulated depositories to include customer deposit details in statements: What changes for investors?

The RBI has permitted SEBI registered depositories to add customers’ bank deposit information to consolidated statements that already cover securities, including equity and debt holdings. The change is intended to bring these financial assets into one view by end 2026, making it easier for investors to track holdings without consulting separate records. The central bank has also approved interoperability among NBFC account aggregators. A customer will consequently be able to aggregate financial information held across multiple account aggregators through a single account. The available material does not specify implementation dates within the period, eligible deposit categories or operating standards.

For Indian markets, the measures may strengthen financial data portability and give households and financial intermediaries a more complete view of assets. Depositories, banks, NBFC account aggregators, brokers, wealth platforms and other financial services providers could face integration and compliance work, while benefiting from simpler customer reporting and potentially smoother onboarding or analysis. Consolidated information can reduce fragmented records and make consent based data sharing more useful across providers. Financial Services has fallen 8.5% over 1 month and 8.3% over 3 months, though no link to these measures is established. Timely standards and adoption would confirm this reading. Delays, limited coverage or weak interoperability would weaken it.