SRO Activites
Self – Regulatory Organisation (SRO) – Monitoring the Industry, Implementing Best Practices
Sa-Dhan has been recognized by the RBI as a Self – Regulatory Organization (SRO) for the microfinance sector in the year 2015 to administer industry regulations, tools and performance standards for effective monitoring of MFIs, their compliance with regulations and Code of Conduct in the best interest of clients. As an SRO, Sa-Dhan has been at the forefront to formulate and administer industry regulations, tools and performance standards for effective monitoring of MFIs, their compliance with regulations and Code of Conduct in the best interest of clients. Sa-Dhan is committed to develop the Indian microfinance sector on professional, healthy and ethical lines. As an SRO Sa-Dhan regularly makes Field Assessment Visits, has developed a Self-Assessment and Monitoring Tool, Analyses risk at Institutional level, regularly conducts in-depth study on status of microfinance at the district level, created Credit Assessment Framework.
Compliance Officer: Mr Somesh Dayal
The Compliance officer is responsible for ensuring that all SRO processes and procedures comply with the standards and regulations and liaising with RBI.
Grievance Redressal Officer (GRO): Mr Ardhendu Nandi
In case of any complaints /grievances are not resolved satisfactorily or responded to by the MFIs, the client may escalate to GRO to get it resolved.
The SRO function is governed by two committees. The committees provide direction and guidance to the SRO team to carry out the SRO function effectively.
- Enforcement Committee
- Grievance Redressal Committee
SRO Committee Members
Mr U S PaliwalFormer ED, RBI
Mr S K MitraFormer ED, NABARD
Mr Suresh KrishnaFormer MD, CreditAccess Grameen Ltd.
Mr Mukul JaiswalMD, Cashpor Micro Credit
Mr Surendra SrivastavaEx. GM SIDBI & Ex CFO, MUDRA
Mr JagadanandaFormer Information Commissioner Odisha and Member Secretary, CYSD
Mr N SrinivasanFormer CGM, NABARD and International Consultant, Sector Expert
Ms K.C. Ranjini Founder & Chairperson, MI India Development Trust
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