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Nandkumar Saravade, Monika Halan, and Suraj Moraje join Board alongside institutional nominees from leading ecosystem participants
Bengaluru, May 14, 2026: Mr. Rama Subramaniam Gandhi, former Deputy Governor of the Reserve Bank of India, has been appointed Non-Executive Chairman of Sahamati, the industry alliance driving the growth and adoption of India’s Account Aggregator (AA) ecosystem.
Sahamati has also expanded its Board with the appointment of Nandkumar Saravade, Monika Halan, and Suraj Moraje as Independent Directors, alongside nominated representatives from key ecosystem institutions including State Bank of India, ICICI Bank, South Indian Bank, Bajaj Finserv, Zerodha, and Finvu.
These appointments come at a pivotal moment for India’s Account Aggregator ecosystem, as adoption accelerates across banking, lending, insurance, wealth management, and other sectors. The expanded Board reflects the growing importance of consent based financial data sharing as a foundational layer of India’s digital public infrastructure and signals the ecosystem’s shift toward greater institutionalisation, governance, and scale.
Collectively, the new Board brings together expertise spanning financial regulation, cybersecurity, public policy, consumer advocacy, digital infrastructure, and large scale institutional transformation. Their appointment is expected to further strengthen Sahamati’s role in enabling trusted, interoperable, and scalable adoption of the AA framework across the financial ecosystem.
Rama Subramaniam Gandhi, brings over four decades of experience across monetary policy, banking regulation, and global financial systems, including his work with the Basel Committee on Banking Supervision. A member of Sahamati’s Advisory Council since June 2020, his continued association reflects a strong alignment with the organization’s mission.
Nandkumar Saravade, founding CEO of Reserve Bank Information Technology Pvt Ltd (ReBIT), adds deep expertise in cybersecurity, digital infrastructure, and governance. His leadership across NASSCOM, ICICI Bank, Citibank, and the RBI’s technology ecosystem has helped shape resilient and trusted financial systems.
Monika Halan, Founder of Dhan Chakra Financial Education, Chairperson of SEBI’s Advisory Committee for the Investor Protection and Education Fund, and author of the bestselling Let’s Talk Money, brings a strong consumer first perspective. A widely respected voice on personal finance and investor protection, her work in financial literacy, public policy, and investor awareness has consistently focused on strengthening trust and informed participation in financial systems.
Suraj Moraje, former Senior Partner at McKinsey & Company and former CEO of Quess Corp, contributes strategic depth and cross sector transformation experience, with a strong track record of scaling organizations and driving systemic impact.
Rama Subramaniam Gandhi, Chairman, Sahamati said, “India’s Account Aggregator framework has the potential to become one of the most important pillars of the country’s evolving digital financial architecture. As adoption scales, the focus must now expand beyond innovation to strengthening trust, governance, interoperability, and consumer confidence across the ecosystem. Sahamati has played an important role in bringing stakeholders together to build a collaborative and resilient framework for consent based data sharing, and I look forward to contributing to its next phase of growth and institutional development.”
BG Mahesh, CEO, Sahamati said, “The opportunity ahead for the Account Aggregator ecosystem is not just about digitising data sharing, but about fundamentally changing how individuals and businesses participate in the financial system. Consent led data flows can unlock more inclusive access to credit, improve financial decision making, and enable innovation across sectors. Building this at population scale requires long term thinking, ecosystem alignment, and deep institutional stewardship. We are privileged to have a Board whose collective experience will help guide this next chapter for the ecosystem and for India’s broader open finance journey..“
The appointments also reflect the increasing strategic importance of the Account Aggregator framework in India’s evolving digital economy. As more institutions adopt consent based data sharing, the ecosystem is entering a phase where governance, interoperability, security, and consumer trust will play an even more critical role in determining long term impact and adoption.
Together, the new Board represents a strong combination of regulatory insight, technological expertise, consumer advocacy, and strategic leadership. Their appointment underscores Sahamati’s commitment to strengthening governance and accelerating adoption of the Account Aggregator framework across sectors.
As the ecosystem evolves, Sahamati remains focused on enabling a seamless, secure, and interoperable data sharing environment that expands access to financial services while putting individuals firmly in control of their data.
With these appointments, Sahamati aims to further strengthen collaboration across regulators, financial institutions, technology providers, and ecosystem participants to support the responsible and scalable growth of India’s consent based data sharing framework.
