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Major PSU banks to go live on account aggregator system by July-end

SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem

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5 min read Last Updated : Jul 12 2022 | 10:59 PM IST

After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end.

Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live this week. Bank of Maharashtra is also expected to follow suit

Topics : PSUs Bank of Baroda sbi Banking sector Punjab National Bank Bank of Maharashtra HDFC Bank ICICI Bank Axis Bank Banks public sector bank

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