RBI Issues Draft Omnibus SRO Framework For Banks, NBFCs

“… the omnibus SRO framework prescribes the broad aims, capabilities, eligibility standards and governance requirements, which might be widespread for all SROs, regardless of the sector,” as per the “Draft Framework for feedback Omnibus Framework for recognising Self-Regulatory Organisations (SROs) for Regulated Entities (REs) of the Reserve Financial institution of India”.