RBI accords SRO status to MFIN

India Infoline News Service | Mumbai |

This makes MFIN the first RBI recognised SRO in the country

The Reserve Bank has recognised Micro Finance Institutions Network (MFIN), the industry association for the micro-finance industry, as a self regulatory organisation for NBFC-MFIs.
"MFIN,...has been formally recognised by the Reserve Bank of India (RBI) as the SRO (self regulatory organisation) for NBFC-MFIs. This makes MFIN the first RBI recognised SRO in the country," the industry association said in a release on Wednesday.



 

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