FIDC Meeting with SEBI Chairman Shri Tuhin Kanta Pandey and his team at Mumbai

On July 23, 2025

FIDC Meeting with SEBI Chairman Shri Tuhin Kanta Pandey and his team at Mumbai

On July 23, 2025

FIDC Directors Meeting with Reserve Bank of India Executive Director Shri S C Murmu

On 4th December 2024

FIDC Welcomes RBI Governor Shri Sanjay Malhotra

On 12th December 2024

FIDC presenting NBFC concerns and issues at Pre-Budget Meeting with Hon'ble Finance Minister Smt. Nirmala Sitharaman and MOF Team

On 2nd January 2025

FIDC Directors Meeting with RBI Former Governor Shri Shaktikanta Das

On 14th August 2023

MISSION

Ensuring sustainable growth of Assets & Loan Financing NBFCs in India

VISION

To contribute to development of the non-banking financial sector in India by promoting self-regulation, compliance and governance among members and to act as a bridge between lending NBFCs and the regulators.

Our values and goals

ABOUT US

Finance Industry Development Council (FIDC) is a Representative Body of Asset and Loan Financing of the NBFCs registered with the Reserve Bank of India. FIDC was formed 16 years ago and is the recognized face of the NBFC sector. We have been engaged in regular interaction both with Reserve Bank of India and Govt. of India, which include pre-budget meetings and also important policy related meetings with RBI. Almost all the leading NBFCs and a large number of small and medium sized NBFCs are our members.

OBJECTIVES

OUR SUCCESS

Pro-active and responsive Representations on all issues concerning NBFC/BFSI Sector to various authorities

Invited by the Finance Minister for Pre-budget discussion for the last 8 years

Invited by the Governor/Dy-Governor and other senior officials at RBI for Policy and supervision related matters.

Invited by RBI to address senior state govt. and state police officers

Invited by Economic Advisory Council to the P.M. for discussion on steps to be taken to boost credit off take in retail lending

Invited by ALL the relevant Expert Committees / Task Force setup by Govt of India / RBI

Invited by Parliamentary Standing Committees on Finance, Insolvency & Bankruptcy Code and SARFAESI Act on Legislative Enactments/amendments

Invited to present at the leading National and International Conferences/Conventions

Invited to be Spokesperson and Panel Discussion on various aspects by Print & Electronic Media

KEY ACTIVITIES

OUR ACTIVITIES

Pro-active and responsive Representations on all issues concerning NBFC/BFSI Sector to various authorities

Invited by the Finance Minister for Pre-budget discussion for the last 8 years

Invited by the Governor/Dy-Governor and other senior officials at RBI for Policy and supervision related matters.

Invited by RBI to address senior state govt. and state police officers

Invited by Economic Advisory Council to the P.M. for discussion on steps to be taken to boost credit off take in retail lending

Invited by ALL the relevant Expert Committees / Task Force setup by Govt of India / RBI

Invited by Parliamentary Standing Committees on Finance, Insolvency & Bankruptcy Code and SARFAESI Act on Legislative Enactments/amendments

Invited to present at the leading National and International Conferences/Conventions

Invited to be Spokesperson and Panel Discussion on various aspects by Print & Electronic Media

KEY ACHIEVEMENTS

OUR ACHIEVEMENTS

After consultation with FIDC, Govt. of India announced a special line of credit for NBFCs engaged in commercial vehicle financing in the stimulus package announced in January, 2009

FIDC Handbook on Repossession A comprehensive document on all aspects relating to Repossession in case of default Released by Dr. Justice AR.Lakshmanan, Former Supreme Court Judge and Chairman, Law Commission of India

FIDC News A newsletter circulated on quarterly basis

National Summits on NBFCs jointly with ASSOCHAM

World Bank Group has collaborated with FIDC to conduct Training Programmes for NBFCs on Commercial Credit Reporting and Asset-based Lending

FIDC organises and partners with various Institutions like World Bank Group (IFC),ASSOCHAM, IMC Chamber of commerce & Industry, B2B Infomedia, Ibex, Elets, IFI, Banking Frontiers, ET Edge, Synnex, BQ Global, Finnoviti, FINX etc.for their Seminars, Training Workshops and Award Functions in BFSI Sector all over India.

Benefits of Membership

BOARD OF DIRECTORS

The Board of Directors give representation to small / medium and large NBFCs. The Board of Directors meetings are held at least, once in every quarter in major cities of Delhi, Mumbai, Chennai and other cities on rotation basis. We ensure detailed interaction with the Affiliated Associations/ Regional Associations/ Leading local players during these Meetings.

Press Release

Our News Rooms

Microfinance Industry™ Code of Conduct, ...

Microfinance Industry™ Code of Conduct, 4th Edition released by SIDBI CMD and CGM-Department of Regulation, RBI Jointly endorsed by MFIN, SIDBI, ASFBI, FIDC and Sa-Dhan...

FIDC released views on Changing Landscap ...

Date: 21st September, 2022 Location: Ahmedabad 1. The press briefing of Finance Industry Development Council (FIDC) under the chairmanship of prominent industry veteran Mr. Ramesh...

FIDC WELCOMES SPECIAL MEASURES FOR NBFCS ...

FIDC welcomes special measures for nbfcs announced by FM ON 13 05 20 FIDC wishes to thank the Hon'ble Finance Minister Mrs. Nirmala Sitharaman.

NON-EXECUTIVE DIRECTORS

Board of Directors

Umesh Revankar

PRESIDENT

KAMLESH GANDHI

K V Srinivasan

Rajiv Sabharwal

Sudipta Roy

V P Nandakumar

Rajiv Lochan

Ravindra Kumar Kundu

Shachindra Nath

Alok Sondhi

Manish Shah

Deepak Mehta

Hemant Chordia

INDEPENDENT DIRECTORS

Mahesh Thakkar

CHAIRMAN

Dr. Narendra Jadhav

Mallikarjuna Rao

Dinesh Kanabar

Vidushi Gupta

Prem Kumar Arora

Dr. Bhimraya Metri

MANAGEMENT TEAM

Raman Aggarwal

CHIEF EXECUTIVE OFFICER

Priya Ranjit

CHIEF OPERATING OFFICER

EXPERT COMMITTEES

T T Srinivasaraghavan

CHAIRMAN, SRO COMMITTEE

AFFILIATED ASSOCIATIONS

OUR ASSOCIATIONS

In addition, FIDC nominates independent experts in the financial world as its Advisory Council Members
Apart from being headquartered at Mumbai, FIDC has affiliated associations all over India which cater to the local issues of NBFC sector.
Finance Companies Association (India), Chennai
Punjab & Haryana Finance Cos Association, Jalandhar
Gujarat Finance Companies Association, Ahmedabad
Delhi Hire Purchase & Leasing Companies Association, Delhi
We are also part of Managing/BFSI/NBFC Committees at the leading Apex bodies like ASSOCHAM, FICCI, CII, PHDCCI and IMC Chamber of Commerce & Industry

Apart from Board of Directors, FIDC works through its various Expert and Sectoral Committees. These Committees have several members drawn from active and important NBFCs and these members are experts in their respective field. The following are the names of the Committees.

Expert Committees :

- SRO Committee

- Base-Layer Committee

- Representation Committee

- Capacity Building Committee

- Information Technology Committee

Sectoral Committees :

- Auto Loan Committee

- MSME Loan Committee

- Gold Loan Committee

- Housing Finance Committee

- Personal & Consumer Loans Committee

Blogs

Our Articles

FIDC DIRECTORS MEETING WITH HON’BLE GOVERNOR

FIDC Directors Meeting with Hon’ble Governor, Reserve Bank of India Shri Shaktikanta Das at RBI Head office, Fort, Mumbai on 14th August 2023...

Fixing delayed payments to micro, small enterprises

The article in the Businessline of March 3, 2023 outlines digital solution to the financial woes of delayed payments and defaults in trade credit network....

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