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

The Reserve Bank of India (RBI) on Wednesday announced measures to allow SEBI-registered depositories to include bank deposit details in their statements, as Governor Sanjay Malhotra announced the central bank’s October monetary policy measures.

The RBI said the measure will be implemented by the end of 2026, allowing investors to access information on their bank deposits alongside securities, equity and debt holdings in a single consolidated statement, making it easier to manage their finances.

The central bank is also allowing interoperability among NBFC account aggregators, enabling aggregation of financial information through all account aggregators from one account aggregator.


Additionally, the RBI will also form a technical consultative committee for financial markets to provide a forum for structured engagement with market participants and other stakeholders on policy and operational matters. “The Committee will serve as a forum for structured engagement with market participants and other stakeholders on policy and operational matters related to financial markets,” RBI Governor Sanjay Malhotra said.

Also read | RBI hikes repo rate by 25 bps: How are rate sensitive stocks, sectors faring after first increase in nearly 4 years?

RBI MPC meet outcome

RBI Governor Sanjay Malhotra announced that the Indian central bank’s Monetary Policy Committee (MPC) after a detailed assessment of the evolving macroeconomic and financial conditions, developments, and the outlook, voted unanimously to increase the policy repo rate by 25 basis points to 5.5%. STF rate stands adjusted at 5.25%, and the marginal standing facility rate and the bank rate to 5.75%.

"The MPC noted that the global context, on account of geopolitical developments, remains challenging. Nonetheless, the Indian economy has been strong, and the economic momentum remains broad based.

Moreover, the economy is expected to remain resilient,” Malhotra said.

What lies ahead for Indian stock market?

With crude prices remaining firm and inflationary pressures continuing to linger, the RBI’s decision to hike repo rates was largely anticipated, said Dnyanada Vaidya, Research Analyst - BFSI, Axis Direct. “We expect another 25 bps rate hike to follow in the next MPC meeting. The regulator increased its growth forecast by 40 bps to 7.1% for FY27, while continuing inflationary pressures prompted the RBI to increase the inflation forecast to 5.2% vs 5% earlier,” he noted.

The RBI’s 25 bps repo rate hike to 5.50%, coupled with the shift to a calibrated tightening stance, signals a meaningful change in the policy cycle, said Ajit Mishra, SVP, Research - Religare Broking. While the hike itself was largely expected, the change in stance is the more important takeaway, indicating that inflation risks are now taking greater precedence, he noted.

“We expect the near-term market impact to remain selective, with rate-sensitive pockets facing pressure, while banks with stronger balance sheets and liability franchises should remain relatively better placed,” he added.

Also read | Sensex falls over 200 points, Nifty below 22,700 as RBI hikes rate by 25 bps. What lies ahead?

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