Reserve Bank of India working on building first self-regulatory body for Indian industry

Reserve Bank of India is actively working on building the first self-regulatory organisation for the Indian fintech industry.

An announcement from the regulator is expected in the next few weeks , according to two persons in the know.

Payments Council of India currently working with regulator to licence the SRO for Regulated Entities Ltd.

SRO RE will work on forming industry-level guidelines for payments and lending fintchs in India .