Account aggregator ecosystem facilitates loans worth Rs 1.6 lakh crore in FY25
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The Account Aggregator (AA) ecosystem facilitated loans worth more than Rs 1.6 lakh crore in the financial year 2025 , spanning 1.89 crore loan accounts, according to a report by Sahamati Sahamati—a collective of entities within the AA ecosystem—published the report titled 'Credit Reimagined: Account Aggregator (AA) Impact H2 FY25,' which collected the data from 12 lending institutions currently using the AA framework.The AA system, regulated by the Reserve Bank of India (RBI), enables individuals to securely share their financial data with service providers through consent. The companies that provide these services include Perfios-backed Anumati, CAMSfinserv, Setu AA and Finvu, among others.As of June this year, close to 24.8 crore consent requests have been made through the AA system, said the report. The report further said that an estimated 12.73 crore Indians used the facility.'FY25 marks a turning point for the AA framework, moving from early-stage deployment to meaningful, large-scale adoption. Lenders are increasingly embedding AA into their core credit workflows—not just during onboarding, but throughout the entire credit lifecycle,' said Shalini Gupta, chief policy and advocacy officer at Sahamati.She added, 'The next chapter for the ecosystem will be defined by how seamlessly AAs integrate across use cases, customer segments, and sectors, enabling more informed, consent-driven decision-making in financial services.'This comes as AAs, such as Protean eGov Technologies , will be equipped to offer access to the Aadhaar rails through a secured channel once the concerned ministry clears the proposal from these private companies, as reported by ET. Public sector banks reported the lowest contribution, accounting for less than 1%, said the report.Non-banking financial institutions (NBFCs) lead the usage of AA for lending, accounting for 60% of the overall lending landscape in FY25.The report further said that the ecosystem is no longer in pilot mode. The ecosystem, to move from scale to depth, needs to focus on adding on-ground staff for secured and MSME credit , requires proper monitoring of repayments, and needs diversification into areas like hyper-personalised financial products, the report added.
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