Govt to boost ease of doing biz, lower compliance for fintech: DFS Secy

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Govt to boost ease of doing biz, lower compliance for fintech: DFS Secy - Business Standard

Quick Summary:

The government is making a lot of efforts to foster ease of doing business and reduce the compliance burden for fintech companies,” said Nagaraju.

At the same event, Shaji KV, chairman, National Bank for Agriculture and Rural Development (NABARD), emphasised the need to bring about technological transformation in a more democratic manner, especially in the rural economy.

He highlighted that while bigger banks have benefited from greater digitisation, cooperative banks and regional rural banks (RRBs) may not have reaped the benefits of digitisation to a similar extent.