The correct answer is the Reserve Bank of India. The regulator of Micro Finance in India is the Reserve Bank of India. ?Microfinance:It is a banking service provided to unemployed or low-income individuals or groups who have no other access to financial services. It is also called microcredit?. Microfinance Institutions Network (MFIN) in India is a Self-Regulatory Organization. Additional InformationReserve Bank of India (RBI):RBI was set up on the basis of the Hilton Young Commission recommendation in April 1935, with the enactment of the RBI Act, 1934. Its first Governor was C. D. Deshmukh. Finance Ministry regulates fiscal policies. The State Bank of India was earlier known as the Imperial Bank. It was nationalized in 1955 on the recommendation of the Gorewala Committee and rechristened as State Bank of India.