India, March 25 -- The members of industry body Fintech Convergence Council (FCC) are reportedly planning to set up a new entity to get the RBI's licence for self-regulatory organisation (SRO) for the fintech sector.

A report by Financial Express said that the new body will include Jupiter founder Jitendra Gupta, Fi Money's Sujith Narayanan, Signzy's Ankit Ratan, Onecard's Anurag Sinha, among others.

The FCC was formed under the Internet and Mobile Association of India (IAMAI). It currently represents 175 fintech companies, including Dhan, Angel One, Groww, InsuranceDekho, Jar, among others, across sectors.

The FCC declined to comment on the formation of the consortium to get SRO licence from the RBI, while Gupta didn't respond to Inc4...