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RBI’s Second Fintech SRO Recognition: Governance, Compliance and Regulatory Impact

2026-10-16

Introduction At the Global Fintech Fest in Mumbai, Reserve Bank of India (“RBI”) Governor Sanjay Malhotra announced the recognition of the Unified Fintech Forum (‘UFF’) as the second self-regulatory organisation for the fintech sector (‘SRO-FT’). The step extends the RBI’s preference for industry-led standard-setting in a sector where many participants sit outside the formal regulatory…

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