RBI-recognised SRO
Finance Industry Development Council FIDC
NBFCs (incl. digital lenders) — recognised under omnibus framework, not the SRO-FT framework
Why it matters if you borrow or pay
- Self-regulates the NBFC industry — the sector behind most vehicle, gold, MSME and many personal loans.
- Monitors fair-practices-code compliance and recovery-agent conduct across member NBFCs.
What we're watching
- No public member roster. Claims ~400 members in press material but publishes no list — a transparency gap this tracker flags.
- The 'List of NBFCs' page on its site contains RBI registration statistics, not its own membership.
Governance
Board / Governing Council
| Name | Role | Affiliation |
|---|---|---|
| Umesh Revankar | Chairman (since Aug 2023) | Executive Vice Chairman - Shriram Finance |
| Kamlesh Gandhi | Governing Council Member | Founder & MD - MAS Financial Services |
| K V Srinivasan | Governing Council Member (Additional Director wef 2026-01-20) | CEO - Profectus Capital |
| Mahesh Thakkar | Governing Council Member | Former Director General - FIDC |
| V P Nandakumar | Governing Council Member | MD & CEO - Manappuram Finance |
| Shachindra Nath | Governing Council Member | Founder & MD - UGRO Capital |
| N S Vishwanathan | Governing Council Member (Additional Director wef 2026-06-23) | Ex-Deputy Governor - RBI |
| Sudipta Roy | Governing Council Member | MD & CEO - L&T Finance |
| Rajeev Jain | Governing Council Member (Additional Director wef 2026-06-23) | Vice Chairman - Bajaj Finance |
| Alok Sondhi | Governing Council Member | |
| Dinesh Kanabar | Governing Council Member | |
| Deepak Mehta | Governing Council Member | |
| Hemant Chordia | Governing Council Member | |
| Manish Shah | Governing Council Member | |
| Raul Rebello | Governing Council Member (Additional Director wef 2026-02-01) | |
| Ravindra Kumar Kundu | Governing Council Member | |
| Rajiv Sabharwal | Non-Executive Director | Vice Chairman & MD - Tata Capital |
| Rajiv Lochan | Non-Executive Director | MD & CEO - Poonawalla Fincorp |
| Narendra Jadhav | Independent Director (resigned wef 2026-06-23) |
Executive Committee / Office bearers
| Name | Role | Affiliation |
|---|---|---|
| Raman Agrawal | CEO |
Advisory Council
| Name | Role | Affiliation |
|---|---|---|
| Dr. Aneish Kumar | Advisory Council | |
| Mohindar Kumar | Advisory Council | |
| M Narendra | Advisory Council | |
| Jiji Mammen | Advisory Council | ED - Sa-Dhan |
| T R Achha | Advisory Council | |
| Prem Kumar Arora | Advisory Council | |
| TR Achhna | Advisory Council |
Members (0)
| Organisation | Type | Website |
|---|
Parsed from the SRO's published member page on 2026-09-10. Marketing rosters, not filings — see methodology.
Activity
- 2026-06-05 consultation FIDC views on RBI monetary policy statement (June 2026)
- 2025-10-03 recognition FIDC recognised as RBI's SRO for NBFCs