New Delhi, March 19 -- In a significant move to streamline fintech regulations, India has established a high-level committee to address challenges in the country's rapidly expanding financial technology sector.

The panel comprises senior officials from key government ministries, regulators, and industry leaders, aiming to create a robust framework that balances innovation with financial stability.

The committee includes representatives from the Department of Financial Services (DFS), Department of Economic Affairs (DEA), Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Electronics and Information Technology (MeitY), and NITI Aayog.

Additionally, regulatory bodies such as the Reserve Bank of India (RBI) and t...