MFIN SRO Workshop – 10th & 11th October 2017 – Gurgaon
MFIN hosted a two-day SRO Workshop on “Self-Regulation and Compliance” which was scheduled on the 10th and 11th October 2017 in Gurgaon. The objective of organizing the event was to provide a platform for all SRO Coordinators from the member NBFC-MFIs to discuss on the regulatory and compliance standards to be adhered to. The profile of SRO Coordinators included Company Secretaries, Compliance Officers and senior level management from the organization for communication of all SRO related activities.
The key note address was given by Mr. C.D. Srinivasan, CGM, DNBR, RBI discussing on the regulatory aspects and on the existing difficulties of the MFI industry.
The event was segregated into various sessions focused on SRO mandates, Regulations and Compliances with respect to Grievance Redressal Mechanism, Credit Bureau, KYC Standards and other regulatory aspects to be followed by NBFC-MFIs. Additionally, separate sessions were conducted on Third Party Evaluation, Calendar of submission of reports and trackers to the SRO, Dispute Resolution Process and Governance Committees of SRO.
The SROC Committee Chair addressed the attendees on the functioning of the governance committees in providing oversight to SRO for adherence to regulatory norms by the member NBFC-MFIs.