Register of India’s financial-sector self-regulatory organisations · RBI · SEBI · IRDAI · IBBI
Who watches India’s fintech watchdogs?
India’s regulators outsource first-line supervision to self-regulatory organisations — industry bodies empowered to write conduct codes and police their own members. SROTrac tracks who sits on them, what they do, and whether they work for consumers — across RBI, SEBI, IRDAI and IBBI, plus the two industry giants (AMFI, ANMI) that self-regulate without ever being recognised.
The register
Sixteen recognised bodies across four regulators, plus two unrecognised associations tracked for context. 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)
Sahamati
Account Aggregator (AA) ecosystem — AAs, FIPs, FIUs, TSPs
Fixed Income Money Market and Derivatives Association of India
Financial markets: fixed income, money market and derivatives (banks, primary dealers, insurers, public financial institutions)
BSE Administration and Supervision Ltd
Investment advisers (IAASB) + research analysts (RAASB)
Association of Investment Bankers of India
Merchant bankers / investment banks
Life Insurance Council
Life insurers (entire industry)
General Insurance Council
General + health insurers and reinsurers
Indian Institute of Insolvency Professionals of ICAI
Insolvency professionals (IPA, reg. IBBI/IPA/16-17/01)
ICSI Institute of Insolvency Professionals
Insolvency professionals (IPA, reg. IBBI/IPA/16-17/02)
Insolvency Professional Agency of the Institute of Cost Accountants of India
Insolvency professionals (IPA, reg. IBBI/IPA/16-17/03)
Association of Mutual Funds in India
Asset management companies (all SEBI-registered AMCs)
Association of National Exchanges Members of India
Stock brokers (NSE, BSE, MSE trading members)
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
- 2026-10-29 FACE FACE published roster adds Rinncrest (85 to 86)
- 2026-10-20 MFIN MFIN member wall drops ten names (84 to 74) after page redesign
- 2026-10-01 FACE FACE elects Hemant Gala and Rajiv Naresh to Board as Member Directors
- 2026-10-01 UFF UFF's published roster drops BSFG Finance (121 to 120)
- 2026-10-01 FACE FACE releases Digital Personal Loans report (Q1 FY26-27)
- 2026-09-30 FACE FACE elects Hemant Gala (PhonePe) and Rajiv Naresh (Navi) as Member Directors
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.