SROTrac Weekly
What moved in India's SRO layer this week — roster changes, new recognitions,
consultations that touch member conduct, enforcement signals. Generated from the
register's own diffs plus source monitoring.
Editions: 2026 · Full archive
09 Nov 2026 · weekly
Sahamati deferred its rate-card switch-on from 1 November to 1 December, six days before the meter was to start, citing the festive season and requests for postponement — with fee amounts still unpublished and details promised in later circulars; FIDC's 24 October submission to IRDAI is now public: the NBFC SRO wants five years to take credit-linked commissions from 45–49% down to 25%, calling the proposed 2%/5% caps unviable against its own 32%-of-premium cost model; Central Bank of India expects bancassurance fees to fall a third, Canara Bank up to ₹200 crore, LIC expects limited impact, and IRDAI's chairman promises reform only by consensus; IRDAI declares November Grievance Resolution Month with both statutory councils signed on; RBI seats FIMMDA's chairman on its new markets consultative committee; and the register gained one name (FACE +Rinncrest) while UFF's BSFG silence crossed five weeks.
26 Oct 2026 · weekly
MFIN redesigned its members page into region-tabbed carousels, and the wall that listed 84 organisations on 11 September lists 74 today — ten names gone, no join or exit dates published, and the page still claims "53 primary members as on March 2025"; IRDAI extended the distribution-reforms comment window from 25 to 31 October after 650+ comments; FIDC, the NBFC SRO, is aggregating member feedback to ask IRDAI for a phased commission reset, arguing sharp cuts would make credit-linked insurance distribution unviable; everywhere else the register is quiet.
19 Oct 2026 · weekly
Sahamati's pricing circular puts a meter on the Account Aggregator network from 1 November — lenders pay a split fee covering the bank, the AA and the SRO, customers cannot be charged for sharing their own data, and technology-service middlemen are cut out of the money; SEBI chairman Tuhin Kanta Pandey told Sahamati's SamvAAd that bank deposits should join the eCAS statement through the same pipe; IRDAI chairman Ajay Seth promises an "orderly transition" on commission caps with comments closing Sunday, 25 October; Sa-Dhan's quarterly numbers show the microfinance book shrinking again while average tickets rise 15%, prompting the SRO's own chief to call for rethinking the ₹3 lakh qualifying-income threshold; and FEDAI posts an impersonation fraud alert on its homepage.
12 Oct 2026 · weekly
Sa-Dhan's Bharat Microfinance Report 2026 counts a sector that shrank 11% in FY26 but grew 4% sequentially in the March quarter, with the three-lender guardrail now visible in borrower data; IRDAI's distribution reset gets a possible January 2027 start date and both statutory councils are finally engaging — the Life Insurance Council even proposed persistency-linked commissions; RBI will make Account Aggregators interoperable by 31 December 2026; and our right-of-reply to UFF and BSFG over the silent roster exit closed 11 October with neither party responding.
05 Oct 2026 · weekly
UFF's published roster drops BSFG Finance (121 to 120) — the second SRO-FT's first roster movement since recognition; FACE elects PhonePe's Hemant Gala and Navi's Rajiv Naresh to its board; FACE's Digital Personal Loans report puts 70% of personal-loan sanction volume with digital NBFCs; IRDAI chairman says the distribution reset is not final, comments open till 25 October.
28 Sep 2026 · weekly
The register expands from 9 to 18 SRO bodies across RBI, SEBI, IRDAI and IBBI (774 member orgs); IRDAI's 23 September distribution consultation lands on the two insurance councils the same week they join; SEBI cancels 12 lapsed research analyst registrations.
21 Sep 2026 · weekly
Rosters hold at 642 members, but UPI's zero-fee era ends Oct 15 — 0.4% MDR above ₹2,000 reshapes the economics of SRPA's payment-operator members.
14 Sep 2026 · weekly
All nine RBI-recognised SROs now tracked on SROTrac. FIMMDA constituted its first disciplinary committee; GFF 2026 put regulatory gap-hopping on notice.
11 Sep 2026 · weekly
The week India got its second fintech SRO; what the full RBI SRO map looks like; why rosters matter and who won't publish theirs.