RBI's Masterstroke: How Granting SRO Status to FIDC Will Reshape NBFC Governance

Affluence Advisory | Last updated: 12 December 2025

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The Reserve Bank of India (RBI) has granted Self-Regulatory Organisation (SRO) status to the Finance Industry Development Council (FIDC), marking a significant shift in the governance of India's Non-Banking Financial Companies (NBFCs). This move aims to improve oversight by outsourcing standard setting and grievance redressal to the industry itself, fostering a co-regulatory model. It addresses challenges posed by the sector's scale and diversity, promoting proactive risk mitigation and better communication between regulators and NBFCs.

A Turning Point for NBFCs The Reserve Bank of India (RBI) recently announced a pivotal shift in the supervision of India's dynamic Non-Banking Financial Company (NBFC) sector by granting Self-Regulatory Organisation (SRO) status to the Finance Industry Development Council (FIDC). This decision is m

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