Register of self-regulatory organisations · India
Who watches India’s fintech watchdogs?
RBI outsources first-line supervision of fintechs, NBFCs and payment operators to self-regulatory organisations — industry bodies with the power to write conduct codes and police their own members. SROTrac tracks who sits on these SROs, what they do, and whether they work for consumers.
The register
Seven bodies, one contract with the regulator. Click a folder for members, governance and activity.
Fintech Association for Consumer Empowerment
Fintech / digital lending
Unified Fintech Forum
Fintech (broad): lenders, wallets/PPIs, neobanks, BNPL
Finance Industry Development Council
NBFCs (incl. digital lenders) — recognised under omnibus framework, not the SRO-FT framework
Self-Regulated PSO Association
Payment system operators: payment aggregators, wallets/PPIs, POS
Microfinance Institutions Network
NBFC-MFIs (+ banks/SFBs lending microfinance as associate members)
Sa-Dhan (Association of Community Development Finance Institutions)
Microfinance (broad network: MFIs, SFBs, banks, investors)
Foreign Exchange Dealers' Association of India
Authorised Dealers in foreign exchange (banks + FEMA-authorised entities)
Consumer notice
What is an SRO, in plain words?
RBI can't directly supervise thousands of fintechs, NBFCs and payment companies. So it recognises industry associations as self-regulatory organisations — with a contract: broad membership, independent boards, codes of conduct, monitoring of member compliance, and grievance redress. In return the regulator gets a first line of supervision, and the industry gets a single voice.
For consumers, the SRO is one more place to escalate when a lender or payment company misbehaves — but only if the SRO actually enforces. That is what this tracker watches: rosters, governance, consultations, enforcement, and the gaps in between.
Latest activity
- 2026-09-10 UFF UFF recognised as India's second SRO-FT
- 2026-08 FACE FACE Personal Loan Report 2026
- 2026-06-05 FIDC FIDC views on RBI monetary policy statement (June 2026)
- 2026-01-14 FEDAI FEDAI recognised as SRO for all Authorised Dealers
- 2025-11-11 SRPA SRPA becomes RBI-recognised SRO for payment system operators
- 2025-10-03 FIDC FIDC recognised as RBI's SRO for NBFCs
Weekly gazette
SROTrac Weekly
A weekly digest of what moved in SRO-land — roster changes, consultations, enforcement, recognition news — generated from the tracker's own diffs.