Indian Finance Minister praises financial regulators for improved transparency, calls for responsible banking and assesses concerns about SEBI chairperson.

Indian Finance Minister Nirmala Sitharaman commended financial regulators for enhancing transparency in the sector, noting their effective practices are observed globally. She stressed the need for banks to focus on responsible deposit mobilization and lending while avoiding high-risk funding. Sitharaman also addressed concerns regarding SEBI chairperson Madhabi Puri Buch, urging a careful consideration of the facts surrounding her alleged impropriety.

October 08, 2024
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