Sa-Dhan, the Association of Community Development Financial Institutions, welcomes the move by the Reserve Bank of India (RBI) to accord recognition to industry associations as Self-Regulatory Organizations (SRO) of NBFC-MFIs. Over the years, Sa-Dhan has been shaping itself to be the SRO for the sector and will surely be applying for the SRO status as we feel that it is an effective strategy that will make the microfinance market stronger through delegated supervision and robust client protection measures...........
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