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SRO Status to FIDC
October 7 , 2025
5 hrs 0 min
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- The Reserve Bank of India (RBI) granted self-regulatory organisation (SRO) status to the Finance Industry Development Council (FIDC) on October 3, 2025.
- The FIDC represents non-banking financial companies (NBFCs) registered with the RBI across India.
- SROs help develop industry standards, monitor compliance, and support early detection of risks in the financial system.
- This move follows the RBI’s 2023 framework for recognising SROs in financial markets.
- FIDC will now work with RBI to ensure regulatory compliance and enhance transparency in the non-bank lending sector.
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