RBI points omnibus framework for recognising SROs for banks, NBFCs, fintechs
Self-regulatory organisations (SROs) of banks, non-banking monetary firms and fintechs, amongst others, might want to maintain the Reserve Financial institution recurrently knowledgeable about developments of their respective segments and promptly inform it about any regulatory violations. Within the “Omnibus Framework for recognising SROs for Regulated Entities (REs) of RBI”, the central financial institution mentioned SROs … Read more