Government sets up inter-ministerial committee on fintech

18 Mar 2025, 08:35 PM

Chaired by the secretary of the department of financial services (DFS), the committee will analyze fintech’s contributions to the broader BFSI industry.

Team Head&Tale

The Government has set up an inter-ministerial-industry committee on fintech (IMICF) to address key issues in the fintech sector.

Chaired by the secretary of the department of financial services (DFS), the committee will analyze fintech’s contributions to the broader banking and financial services industry (BFSI). 

The committee's key role is to evaluate the fintech sector's growth. It will identify issues and challenges faced by fintech firms; review current fintech policies and regulations; and analyze global best practices in fintech governance.

Additionally, leading industry experts such as Ajay Kaushal, co-founder of BillDesk; Jupiter founder Jitendra Gupta; Acko founder Varun Dua; Groww CEO Lalit Keshre; Vishnu Pillai, partner and head of FS Tech at KPMG; and Ashish Garg, managing director and senior partner at McKinsey, will also contribute to the committee.

The IMICF will also include representatives from Ministry of Electronics & Information Technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT), Department of Economic Affairs (DEA), NITI Aayog, Reserve Bank of India (RBI), and Securities Exchange Board of India (SEBI).

The CS&FT section of the Department of Financial Services (DFS) will act as the secretariat for the committee.

The committee is expected to submit its report within three months from the date of its first meeting. 

Who Reads Us

I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest,  and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.

Rahul Chari, Co-Founder and CTO, PhonePe
Rahul Chari Co-Founder And CTO, PhonePe

Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.

Rishi Gupta, MD & CEO, Fino Payments Bank
Rishi Gupta MD & CEO, Fino Payments Bank

The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.

Lizzie Chapman, co-founder, ZestMoney
Lizzie Chapman Co-founder, ZestMoney

What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.

Mohit Bedi, co-founder, Kiwi
Mohit Bedi Co-founder, Kiwi

I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.

Cofounder of IPO-bound leading fintech lending company
Cofounder of IPO-bound leading fintech lending company