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Finance minister Nirmala Sitharaman will meet heads of fintech firms along with a Reserve Bank of India (RBI) deputy governor and top officials of stakeholder ministries on February 26 in the backdrop of the banking regulators action against Paytm Payments Bank, ET has learnt.
Finance Minister Nirmala Sitharaman will convene a meeting with fintech leaders, RBI officials, and representatives from key ministries on February 26 to address concerns following regulatory action against Paytm Payments Bank. The government aims to reassure the fintech industry of its priority status and understand their apprehensions. The meeting will involve officials from finance, information technology, and DPIIT.
The note, signed by startup founders including Policybazaar's Yashish Dahiya, Bharat Matrimonys Murugavel Janakiraman, Makemytrips Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company. The founders requested the regulator to reassess "the proportionality of restrictions".
The letter signed by at least 12 founders claimed that the punitive directions of the Reserve Bank of India on Paytm Payments Bank can have
The letter signed by at least 12 founders claimed that the punitive directions of the Reserve Bank of India on Paytm Payments Bank can have