This report captures the evolving role of the Account Aggregator (AA) framework in India’s lending ecosystem. FY25 marked a year of meaningful scale, with an estimated ₹1.67 lakh crore disbursed through AAs across 189 lakh loans. This indicates the growing adoption of AAs across loan types and institution categories.
The Credit Reimagined: Account Aggregator (AA) Impact Report H2 FY25 highlights early diversification beyond personal credit, a steady increase in bank participation, and emerging traction in business and secured loans. It also reveals shifts in borrower segments and ticket sizes, providing insight into how data access is influencing underwriting.
Looking ahead, we can expect the broader usage of AA across public schemes and the deeper integration into lending workflows, which will be key to realising AAs full potential.
The Credit Reimagined: Account Aggregator (AA) Impact Report H2 FY25 offers a snapshot of progress and the possibilities that lie ahead.
Note: This public version excludes detailed segment-wise FY25 trend, FY24–FY25 comparative insights, and a breakdown of rising bank participation. The unabridged report is available exclusively to the 12 FIUs that contributed data to this analysis, a practice we hope to expand in future editions.