About SROTrac
An independent, open-data register of India's RBI-recognised self-regulatory organisations — built by CashlessConsumer, a consumer collective working on digital payments and fintech. Licensed CC BY 4.0 (data) and MIT (code).
Scope: RBI’s SROs only
India has several self-regulatory bodies across financial regulators. SROTrac tracks only the nine recognised by the Reserve Bank of India: the two SRO-FTs (FACE, UFF), FIDC (NBFCs), SRPA (payment operators), MFIN and Sa-Dhan (microfinance), FEDAI (authorised dealers), Sahamati (Account Aggregator ecosystem), and FIMMDA (fixed income, money market and derivatives). Bodies under other regulators — e.g. AMFI and IIFL under SEBI, the Insurance Institute under IRDAI — are not covered here, however senior their profiles.
Method
- Member rosters are parsed from each SRO's own published member pages (captured 2026-09-10).
- Governance data comes from SRO governance/leadership pages; roles are quoted as published.
- The activity log links only to primary sources (RBI press releases, TRAI filings, SRO pages) or dated news reports.
- The SRPA roster was decoded from its logo wall (filenames are truncated) — treat spelling with care.
- Everything rebuilds from CSV via a single script; the GitHub repo carries the raw captures.
Caveats
- SRO member pages are marketing pages, not registers. FACE claims 200+ members but shows ~86 logos; treat counts as a floor.
- FIDC publishes no member roster at all — its "list of NBFCs" page holds RBI registration statistics, not membership.
- Membership changes constantly; dates matter. Each dataset notes its capture date.
- Recognition ≠ effectiveness. An SRO can be fully compliant on paper and still never discipline a member. This tracker will log enforcement actions as they surface.
FAQ
Which SROs does India have?
The Reserve Bank of India has recognised nine self-regulatory organisations: FACE and UFF for fintech (SRO-FT framework), FIDC for NBFCs, SRPA for payment system operators, MFIN and Sa-Dhan for microfinance lenders, FEDAI for authorised dealers in foreign exchange, Sahamati for the account aggregator ecosystem, and FIMMDA for the fixed income, money market and derivatives markets.
Does SROTrac cover SEBI or IRDAI industry bodies?
Yes. Since 26 September 2026 the register covers 18 bodies across four regulators: RBI's nine recognised SROs, SEBI's BASL and AIBI, the IRDAI statutory Life and General Insurance Councils, and IBBI's three insolvency professional agencies. AMFI and ANMI sit outside recognition and are tracked for context: AMFI is the mutual-fund industry association, ANMI has sought recognition as a stockbrokers' SRO since 1998.
Is SROTrac affiliated with the RBI or any SRO?
No. SROTrac is an independent project by CashlessConsumer, a consumer collective. It uses only publicly available sources: SRO websites, RBI press releases and dated news reports.
Is Sahamati recognised by the RBI?
Yes. RBI recognised Sahamati as the SRO for the account aggregator (AA) ecosystem on 5 June 2026. Before recognition, Sahamati spent five years as the AA ecosystem's non-profit standards body (spun out of iSPIRT's work). Its directory lists 110 regulated entities across AAs, FIPs, FIUs and TSPs.
How many members do the SROs have?
As of the latest capture: FACE 86, UFF 120, SRPA 18, MFIN 74, FEDAI 108, Sahamati 110, FIMMDA 116, AMFI 56, GI Council 49 and LI Council 27 listed members — 764 rows across the 18 tracked bodies. FIDC, Sa-Dhan, BASL, AIBI and the three IBBI IPAs publish no public roster. Counts are floors, not filings: SRO member pages are marketing pages.
Can I reuse the data?
Yes. Data is licensed CC BY 4.0 — copy, remix and republish with attribution to SROTrac / CashlessConsumer. The CSVs are linked on the members page and in the GitHub repo.
License & reuse
Code: MIT. Data: CC BY 4.0 — copy, remix and republish with attribution to SROTrac / CashlessConsumer.
Related CashlessConsumer properties
- cyber.cashlessconsumer.in — security investigations hub
- cashlessconsumer.in — fintech newsletter & research