Finance Minister Nirmala Sitharaman on Monday exhorted the Reserve Bank of India to hold monthly meetings with startup and fintech firms to address their concerns, officials said.
At a meeting with top executives of about 50 startup and fintech firms, Sitharaman also asked the Department of Financial Services to organise a meeting between start-ups and law enforcement agencies.
The meeting with start-ups comes at a time when RBI's action against Paytm Payments Bank has put the spotlight on regulatory compliance in the fintech industry.
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