The Finance Minister has requested the RBI to have monthly meetings with start-ups and fintech companies to address their concerns, following recent regulatory actions.
Additionally, the RBI, DPIIT, and Finance Ministry will examine the change of ownership in listed fintech companies to ensure regulatory compliance.
During a meeting with top executives from various firms, discussions were held on simplifying KYC processes, addressing cyber fraud, and reducing the patent application turnaround time as part of the new Digital India Act.
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