RBI Recognises FIMMDA as SRO

On 7th May 2025, the Reserve Bank of India (RBI) recognised the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as a Self-Regulatory Organisation (SRO) in financial markets.

  • FIMMDA - an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies - was incorporated as a Company under Section 25 of the Companies Act, 1956 on May 4, 1998.

What are Self-Regulatory Organisations (SROs)?

An SRO is generally a non-governmental entity created by members of a particular industry or sector to help govern the companies in that industry.

  • An SRO sets and enforces rules and standards ....
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