Responsible Finance Forum | India
The Responsible Finance Forum in India (RFF India) was founded in 2011 as an independent voluntary group aimed at promoting responsible finance within the financial inclusion sector RFF India is the first in the country to represent various stakeholder groups, namely microfinance institutions (MFIs), business correspondents (BCs), multilateral and bilateral organizations, industry associations or networks, lenders, investors, policy researchers, among others. RFF India is the “voice of end-clients” and its members collaborate proactively to work towards the sustainable development of the financial inclusion sector.
The Forum’s objective is to facilitate adoption, adherence and strengthening of responsible finance, including and not limited to customer protection of participants of financial inclusion initiatives of India. RFF acts as a neutral platform to:
Integrate responsible finance activities in coordination with stakeholders
- Act as a platform to coordinate and share information on various RF initiatives among different stakeholders
- Facilitate convergence of RF Initiatives such as but not limited to Code of Conduct implementation, Customer Protection, and Financial Awareness.
- Facilitate coordination among donors, lenders and investors in unifying assessments, certification, reporting formats for RF initiatives.
Promote responsible finance practices in the sector
- Identify and support best practices followed by Financial Institutions in the area of RF.
- Identify challenges and solutions for implementing RF practices in the sector
- Enable a sectoral environment that incentivizes financial institutions, lenders, investors to maximize efforts and resources for undertaking RF initiatives
- Support development of policies and documents on topics of priority to the sector
Communicate to our partners and stakeholders about our initiatives
- Communicate to stakeholders on RF initiatives through publications and sectoral events
- Facilitate studies on internalizing RF initiatives in financial institutions and to disseminate widely among stakeholders
- Engage with key stakeholders including regulators, policy makers, lenders, donors and investor forums, as well as apex financial institutions.
Unified Code of Conduct
Directory of Microfinance Institutions (MFIs) in India
Responsible Finance India Newsletter
The members include the World Bank Group, the Small Industries Development Bank of India, the UK Department for International Development, the Michael and Susan Dell Foundation, Dia-Vikas Capital, Sa-Dhan, Access-Assist, Microfinance Institutions Network, Business Correspondent Federation of India, and Individual Members such as Mr. Brij Mohan and Mr. Narasimhan Srinivasan