All 12 public sector banks go live on account aggregator network

Around 0.97 million accounts have been linked to the ecosystem so far; around 0.93 million consents have been given during the same period

Following the finance minister’s nudge, all the 12 public sector banks have joined the account aggregator (AA) framework, bringing in its fold over a billion accounts. Major private sector banks are already live on the AA ecosystem, which was launched to bolster the lending ecosystem.

According to Sahamati, an industry alliance for the AA ecosystem, as many as 22 major private sector and public sector banks (PSBs) have gone live on the framework since its launch in September last year.

“1.1 billion accounts, including all major public and private bank accounts, are now live on India’s Account Aggregator. A seminal