RBI to allow bank deposit details in consolidated depository statements

Investors will soon be able to see their bank deposits, stock portfolios, and mutual fund holdings in a single place. The Reserve Bank of India on Wednesday announced that SEBI-registered depositories will be permitted to include customer bank deposit details in their consolidated statements, aiming to roll out the change by the end of 2026.

Currently, investors receive statements that cover shares, mutual funds, and other market securities, but exclude cash holdings in banks. By bringing bank savings and fixed deposits into the same statement, the central bank hopes to make it significantly easier for individuals to track their overall net worth and manage their finances.

What changes for investors

Right now, getting a complete picture of your assets requires logging into multiple banking portals alongside your brokerage accounts. The RBI's new measure will allow depositories like NSDL and CDSL to pull bank deposit data into their existing statement frameworks.

By late 2026, an investor will have a single dashboard that shows their equities, debt instruments, mutual funds, and bank deposits together.

Alongside this, the central bank is introducing interoperability for account aggregators. Currently, users often have to set up accounts with different Non-Banking Financial Company (NBFC) account aggregators depending on which financial institutions use which service. Under the new rules, customers will be able to aggregate all their financial data across multiple platforms using just a single account aggregator.

Broader monetary policy decisions

These administrative reforms were announced alongside a significant shift in monetary policy. RBI Governor Sanjay Malhotra announced that the Monetary Policy Committee had voted unanimously to raise the benchmark repo rate by 25 basis points to 5.50%. This marks the central bank's first rate hike in nearly four years, reversing its previous easing cycle in response to persistent inflation risks.

The central bank also shifted its policy stance from "neutral" to "calibrated tightening."

Following the rate hike, the Standing Deposit Facility rate was adjusted to 5.25%, while the Marginal Standing Facility rate and the Bank Rate were set at 5.75%. The central bank raised its economic growth forecast for the 2026-27 financial year to 7.1%, up from 6.7%, but also increased its inflation projection to 5.2% from its previous estimate of 5%.

To improve communication with the markets during this period of tightening, the RBI is establishing a new Financial Market Consultative Committee. The central bank said this body will serve as a structured forum to discuss policy and operations with market participants across money, government debt, and foreign exchange markets.