Mumbai, April 6 -- The Reserve Bank of India (RBI) will unveil the framework for a self-regulatory organisation (SRO) for the fintech sector by the end of April 2024, Governor Shaktikanta Das announced in the post-monetary policy press conference.

The move aims to operationalise one SRO for fintechs by the time of the Global Fintech Festival in September 2024.

"As I had mentioned in last year's GFF, we would like one SRO relating to fintech to be operational. We are working towards that," Das stated.

Deputy Governor T Rabi Sankar said the RBI is examining stakeholder comments received on the draft SRO framework for fintechs before finalising it.

The fintech industry has welcomed the RBI's timeline to roll out the fintech self-regulato...