Banks, asset management firms, stock brokers set to be shareholders in Sahamati

Multiple large banks, non-banking lenders, asset management firms and stock brokers are in the final stages of investing in Sahamati, a not-for-profit entity that powers the NBFC-Account Aggregators network, a consent-based financial data sharing system.

Large lenders like the State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Yes Bank are set to pick up anywhere between 7.5% to 8.5% stakes each in Sahamati, two people aware of the plans told ET.