Finance Minister Praises Indian Regulators Amid Controversy

Finance Minister Nirmala Sitharaman applauded Indian financial sector regulators for their outstanding work and efforts to enhance transparency. While she supports questioning them, she emphasized recognizing their contributions. Her comments came during the Financial Express Best Banks Awards amidst controversy involving Sebi chairperson Madhabi Puri Buch.

On Tuesday, Finance Minister Nirmala Sitharaman expressed admiration for Indian financial sector regulators, hailing them for their exemplary performance and strides towards greater transparency.

While highlighting the importance of questioning and critiquing regulatory actions, Sitharaman also urged people to acknowledge the significant contributions of these regulatory bodies.

Her remarks were made at the Financial Express Best Banks Awards, against the backdrop of allegations of impropriety involving Sebi's chairperson Madhabi Puri Buch.

(With inputs from agencies.)