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The Economic Times

Debaroti Adhikary

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

RBI Moneyview Pine Labs MPC CAMS fintech Sanjay Malhotra NBFC NSE SEBI

Shares of Pine Labs, recently-listed Moneyview and other fintech firms jumped up to 11% on Wednesday after RBI Governor Sanjay Malhotra announced that the Indian central bank will allow interoperability among NBFC account aggregators.

The move will enable the aggregation of financial information across all account aggregators through a single aggregator, Malhotra said as he announced the decisions taken by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) during its October policy meeting.

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