MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release:
The Reserve Bank had issued the press release on 'Invitation of applications for recognition of Self-Regulatory Organisations (SROs) for NBFCs' dated June 19, 2024 inviting applications for recognising SROs for NBFC sector.
2. We had received three applications/ letters of interest for application for recognition as SRO for NBFCs. The applications/ references were examined against the relevant requirements as prescribed under the 'Omnibus Framework for recognition of Self-Regulatory Organisations for Regulated Entities of the Reserve Bank' dated March 21, 2024 and the aforementioned press release dated June 19, 2024.
3. Based on the examination, it has bee...