RBI Grants SRO Status to FIDC for NBFC Sector

The Reserve Bank of India (RBI) has given a special role to the Finance Industry Development Council (FIDC).

This means FIDC can now help make sure companies in the NBFC sector (like those that give loans) follow the rules.

They'll also be a go-between for these companies and the government.

Last year, the RBI gave a similar role to another group for tech companies.

This helps make sure everything runs smoothly and fairly.