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RBI Issues Draft Framework for Self-Regulatory Organisations in Fintech Sector.

Banking & Finance | Dated: 13 Jan 2026

The Reserve Bank of India (RBI) has released a draft framework for the recognition of Self-Regulatory Organisations (SROs) in the Financial Technology (Fintech) sector. The framework requires the SRO-FT to be a not-for-profit company aimed at promoting industry standards and consumer protection.

🎯 Key Highlights:

  • The SRO-FT must be independent of the influence of any single member or group of members.
  • It should establish a grievance redressal mechanism for members.
  • The move aims to balance innovation with regulatory compliance in the rapidly growing fintech space.

💡 Other Important Facts:

  • Topic: Fintech SRO Framework.
  • Requirement: Not-for-Profit status.
  • Regulator: RBI.

📚 Test Your Knowledge:

What is the proposed legal structure for the Fintech Self-Regulatory Organisation (SRO-FT) as per the RBI draft?

Correct Answer: Not-for-profit Company

🚀 Quick Recap:

About RBI

  • Governor – Shaktikanta Das
  • HQ – Mumbai