The Reserve Bank of India (RBI) issued a press release on October 03, 2025, regarding the recognition of Self-Regulatory Organisations (SROs) for Non-Banking Financial Companies (NBFCs). This follows a previous press release on June 19, 2024, inviting applications for SRO recognition in the NBFC sector. Out of three applications received, Finance Industry Development Council (FIDC) has been recognised as an SRO for NBFCs based on the 'Omnibus Framework for recognition of Self-Regulatory Organisations for Regulated Entities of the Reserve Bank' dated March 21, 2024. The remaining two applications were not considered due to incompleteness.
Contact information for the Department of Communication, Central Office is as follows: Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. Phone: 022 - 2266 0502. Website: www.rbi.org.in/hindi, www.rbi.org.in, email: helpdoc@rbi.org.in.
The press release number is 2025-2026/1237. Brij Raj, Chief General Manager, is the contact person.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for issuing the press release.
Self-Regulatory Organisations (SROs) for NBFCs: Entities being recognized/regulated as self-regulatory bodies for Non-Banking Financial Companies.
Omnibus Framework for recognition of Self-Regulatory Organisations for Regulated Entities of the Reserve Bank: The regulatory framework under which SROs for NBFCs are recognized.
Finance Industry Development Council (FIDC): Entity being recognized as an SRO for NBFCs.
Mumbai: Location of the Reserve Bank of India's office issuing the press release.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 03, 2025
Recognition of Self-Regulatory Organisation for NBFCs
The Reserve Bank had issued the press release on 'Invitation of applications for
recognition of Self-Regulatory Organisations (SROs) for NBFCs' dated June 19, 2024
inviting applications for recognising SROs for NBFC sector.
2. We had received three applications/ letters of interest for application for recognition
as SRO for NBFCs. The applications/ references were examined against the relevant
requirements as prescribed under the ‘Omnibus Framework for recognition of Self-
Regulatory Organisations for Regulated Entities of the Reserve Bank’ dated March
21, 2024 and the aforementioned press release dated June 19, 2024.
3. Based on the examination, it has been decided to recognise Finance Industry
Development Council (FIDC) as an SRO for NBFCs. The remaining two applications
were not considered since they were incomplete as on the last date of submission of
application.
(Brij Raj)
Press Release: 2025-2026/1237 Chief General Manager