Pine Labs, CAMS, Moneyview, other fintech stocks rally up to 11% after RBI MPC move. Here’s why

What happened: The RBI announced interoperability among account aggregators, letting a borrower registered with one aggregator share financial information with another with prior consent. Fintech stocks rallied after the October MPC move. Key numbers: Pine Labs rose about 6% to nearly Rs 185 on NSE. Why it matters: SBI Securities' Sunny Agrawal said the move reduces onboarding friction and aids wider financial adoption, benefiting digital lenders and fintech companies. RBI also allowed SEBI-registered depositories to include customer deposits in statements, to be implemented by end of 2026.

The RBI announced interoperability among account aggregators, letting a borrower registered with one aggregator share financial information with another with prior consent. Fintech stocks rallied after the October MPC move.

SBI Securities' Sunny Agrawal said the move reduces onboarding friction and aids wider financial adoption, benefiting digital lenders and fintech companies. RBI also allowed SEBI-registered depositories to include customer deposits in statements, to be implemented by end of 2026.