New Delhi, Oct. 18 -- India's Account Aggregator (AA) framework could help narrow persistent gaps in formal credit access by allowing lenders to evaluate borrowers through verified financial data rather than relying primarily on conventional credit histories.

A joint report by CRIF Credit Information Services and Sahamati found that AA-enabled lending is associated with greater participation by new-to-credit borrowers and customers in smaller cities, offering a potential route to more inclusive credit growth.

On October 7, the RBI announced plans to enable interoperability between Account Aggregators by December 2026, so users can share financial data through a single AA rather than onboarding separately across platforms. An Account Agg...