RBI recognises Unified Fintech Forum as India’s second fintech self-regulator
The Reserve Bank of India has recognised Unified Fintech Forum, formerly the Digital Lenders Association of India, as a fintech self-regulatory organisation. The 120-plus-member body will help shape standards around resilience, cybersecurity, responsible data use and compliance across consumer-facing digital finance.
What happened
RBI recognised Unified Fintech Forum, formerly the Digital Lenders Association of India, as India’s second fintech self-regulatory organisation. At Global
Key facts
- second fintech self-regulatory organisation
- over 120 members
- September 10, 2026
Why this matters
Retailers using embedded lending, payments or loyalty-finance products should expect stronger industry standards on cybersecurity, data consent and compliance from fintech partners.
What to watch
- Publication of Unified Fintech Forum codes, membership requirements, enforcement processes or compliance deadlines.
- RBI statements clarifying how the two recognised fintech SROs will divide coverage, coordinate standards or report member non-compliance.
- Adoption of common rules on digital-lending consent, alternative-data underwriting, loan-service-provider conduct, collections and customer grievance redressal.
- Major retailer, marketplace, payment gateway or BNPL provider joining the forum or publicly aligning its policies with forum standards.
- RBI supervisory actions, cyber incidents or consumer-complaint trends that accelerate mandatory implementation of SRO-led practices.