Finance Minister Nirmala Sitharaman had recently instructed public sector banks to onboard on the AA system by end of July. Players believe that the AA ecosystem will also benefit with PSBs joining the platform.
The account aggregator ecosystem is set to get a major boost with the public sector banks gearing up to join the platform. SBI, Canara Bank, Punjab National Bank, and Indian Bank have started their implementation.
A number of public sector banks are understood to be in various phases of testing and implementation and at least a few are expected to go live on the AA platform by the month end.
For more details please click on the following link: PSB's go live on account aggregator platform
Source: Business line