Amidst the Paytm controversy, Financial Services Secretary Vivek Joshi hinted at potential Reserve Bank clarifications due to the platform's extensive user base. Joshi highlighted the central bank's consumer protection focus. He affirmed the strong performance of public sector banks, emphasizing minimal government interference. Joshi outlined upcoming financial sector reforms, including amendments to banking and insurance laws. Additionally, he discussed strategies for capital infusion, addressing bank performance, and plans for distressed asset resolution.
