India, April 4 -- Update | April 4, 9:10 PM

About two weeks after it was reported that the Indian fintech ecosystem might soon see another self regulatory body (SRO) bidding for RBI approval, industry leaders inaugurated the India Fintech Foundation (IFF) or SRO-Fintech Development Foundation (SROFT-DF) at the Startup Mahakumbh.

While former deputy RBI governor NS Viswanathan will serve as the chairman of its board, ex-Invest India head of FDI Sai Sudha Chandrasekaran will serve as its CEO. The launch of the organisation saw the presence of G20 Sherpa Amitabh Kant, DPIIT joint secretary Sanjeev Singh, among others.

Besides, IFF's board of members includes Jupiter's Jitendra Gupta, Fi Money cofounder Sujith Narayana, LendingKart's Harsh...