RBI-recognised SRO

Foreign Exchange Dealers' Association of India FEDAI

Authorised Dealers in foreign exchange (banks + FEMA-authorised entities)

Recognised14 Jan 2026
StatusActive SRO (FX; Omnibus framework; 1-yr transition to Jan 2027)
Listed members108 (108 member)
Sitewww.fedai.org.in

Why it matters if you borrow or pay

  • The newest RBI-recognised SRO (Jan 2026) — formalises six decades of self-set forex rules for banks dealing in foreign exchange.
  • 108 member authorised dealers listed with LEI numbers — the cleanest public roster of any SRO tracked here.
  • For customers: FEDAI rules govern how banks quote, convert and disclose FX charges on your inward/outward remittances and card spends abroad.

What we're watching

  • Has until Jan 2027 to align governance with the Omnibus SRO framework and extend membership to all AD categories.
  • Website is a legacy frameset — public disclosure quality lags its new regulatory status.

Governance

Board committees

NameRoleAffiliation
State Bank of IndiaChairman of Managing Committee
DBS Bank IndiaVice Chairman
HDFC BankAdditional Vice Chairman

Members (108)

OrganisationTypeWebsite
(Surrendered Banking Licence to RBI and in process of winding up) Firstrand Bankmember
(Surrendered Banking Licence to RBI and in process of winding up) Krung Thai Bank Public Company Limitedmember
AB Bank PLCmember
Abhyudaya Co-op. Bank Limitedmember
Abu Dhabi Commercial Bank - "Surrender of AD Category I License is under Process"member
AU Small Finance Bank Limitedmember
Australia and New Zealand Banking Group Limitedmember
AXIS Bank Limitedmember
Bandhan Bank Limitedmember
Bank of America NA.member
Bank of Bahrain & Kuwait B.S.C.member
Bank of Barodamember
Bank of Ceylonmember
Bank of China Limitedmember
Bank of Indiamember
Bank of Maharashtramember
Barclays Bank PLCmember
Bassein Catholic Cooperative Bank Ltdmember
BNP Paribasmember
Bombay Mercantile Co-operative Bank Limitedmember
Canara Bankmember
Central Bank of Indiamember
Citibank N.A.member
City Union Bank Limitedmember
Cooperatieve Rabobank U.Amember
Credit Agricole Corporate and Investment Bankmember
Credit Suisse AGmember
CSB Bank Limitedmember
CTBC Bank Co Ltdmember
DBS Bank India Limitedmember
DCB Bank Limitedmember
Deutsche Bank AGmember
Dhanlaxmi Bank Limitedmember
Doha Bank Q.P.S.C.member
Emirates NBD Bank (P.J.S.C)member
Equitas Small Finance Bank Limitedmember
ESAF Small Finance Bank Ltdmember
Export-Import Bank of Indiamember
First Abu Dhabi Bank PJSCmember
Goldman Sachs (India) Capital Markets Pvt. Ltdmember
HDFC Bank Limitedmember
ICICI Bank Limitedmember
ICICI Securities Primary Dealership Limitedmember
IDBI Bank Ltdmember
IDFC FIRST Bank Limitedmember
IFCI Limitedmember
Indian Bankmember
Indian Overseas Bankmember
IndusInd Bank Limitedmember
Industrial and Commercial Bank of China Limitedmember
Industrial Bank of Koreamember
Jana Small Finance Bank Ltdmember
JP Morgan Chase Bank N.A.member
JSC VTB Bankmember
Karnataka Bank Limitedmember
KEB Hana Bankmember
Kookmin Bankmember
Kotak Mahindra Bank Limitedmember
MashreqBank p.s.cmember
Mizuho Bank Limitedmember
Morgan Stanley India Primary Dealer Private Limitedmember
MUFG Bank, Ltd.member
NatWest Markets Plc.member
NKGSB Co-operative Bank Limitedmember
Nomura Fixed Income Securities Pvt Ltdmember
NongHyup Bankmember
PNB Gilts Limitedmember
PT Bank Maybank Indonesia TBKmember
Punjab & Sind Bankmember
Punjab and Maharashtra Co-operative Bank Limitedmember
Punjab National Bankmember
Qatar National Bank (Q.P.S.C.)member
RBL Bank Limitedmember
SBERBANKmember
SBM Bank (India) Ltdmember
Shinhan Bankmember
Small Industries Development Bank of Indiamember
Societe Generalemember
Sonali Bank PLCmember
Standard Chartered Bankmember
State Bank of Indiamember
Sumitomo Mitsui Banking Corporationmember
SVC Co-operative Bank Limited member
Tamilnad Mercantile Bank Limitedmember
The Ahmedabad Mercantile Co-op. Bank Limited - "Surrender of AD Category I License is under Process"member
The Bank of Nova Scotiamember
The Bharat Co op Bank (Mumbai) Ltdmember
The Clearing Corporation of India Ltdmember
The Cosmos Co-operative Bank Limitedmember
The Federal Bank Limitedmember
The Hongkong and Shanghai Banking Corporation Limitedmember
The Jammu & Kashmir Bank Limitedmember
The Kalupur Commercial Co-operative Bank Limitedmember
The Karur Vysya Bank Limitedmember
The Lakshmi Vilas Bank Limited - (Amalgamated in to DBS Bank India Ltd. w.e.f November 27, 2020.)member
The Maharashtra State Co-operative Bank Limitedmember
The Saraswat Co-operative Bank Limitedmember
The South Indian Bank Limitedmember
Thomas Cook (India) Limitedmember
TJSB Sahakari Bank Limitedmember
UBS AGmember
UCO Bankmember
Ujjivan Small Finance Bank Limitedmember
Union Bank of Indiamember
United Overseas Bank Limitedmember
Unity Small Finance Bank Ltdmember
Woori Bankmember
YES Bank Limitedmember

Parsed from the SRO's published member page on 2026-09-10. Marketing rosters, not filings — see methodology.

Activity