Digital
Leading with purpose creates wins for consumers, community and country: Hina Nagarajan of Diageo India
On February 26, finance minister Nirmala Sitharaman met the representatives of the fintech companies in Delhi. The meeting, which comes in the wake of the Jan 31 clampdown by RBI on the banking operations of Paytm Payments Bank, saw Sitharaman suggest that the Reserve Bank of India (RBI) hold monthly meetings with fintech companies and startups through the mode of video conferencing.
The meeting, which was attended by RBI deputy governor T Rabi Sankar, SBI chairman Dinesh Kumar Khara, and officials from the National Payment Corporation of India (NPCI), among others, saw Sitharaman release six action points, as per a Moneycontrol report.
The six action points stressed on the simplification and digitization of KYC (Know Your Customer) processes across all fintech sectors. This also included facilitation of interactions between fintech firms and law enforcement agencies to address concerns or issues.
The meeting touched upon the challenges and opportunities in the fintech industry, concerns surrounding cybersecurity, compliance with KYC regulations etc. Another point raised during the discussion also involved dual listing of foreign equities of fintech companies.
At the Storyboard18 DNPA Conclave 2025, Union Minister Ashwini Vaishnaw spotlighted the critical role of traditional media in an evolving digital landscape. He emphasized that such gatherings can aid the govt in formulating more effective policies for a balanced and sustainable media ecosystem.
Read MoreFrom the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.