FIDC gets SRO status for non-bank lending sector

THE RESERVE BANK of India (RBI) on Friday granted the self-regulatory organisation (SRO) status to the Finance Industry Development Council (FIDC) to help ensure regulatory compliance in the non-bank lending sector.

- REUTERS

The FIDC isa representative body of non-banking financial companies (NBFC) registered with the RBI. Almost all the leading NBFCs are members of this organisation, according to its website.