Tag: sro

MUMBAI: RBI governor Shaktikanta Das on Wednesday asked the fintech sector to establish a self-regulatory organisation (SRO) within a year to reduce the burden on the central bank and give the industry a voice.The central bank has been pushing self-regulation to fintech players for a while. In March, then deputy governor M K Jain had urged the industry to form an SRO. A regulatory challenge for RBI is that many of these entities are not financial institutions. "I do hope that by next year, when we meet for...