Sitharaman said India wants to create an ecosystem to invite the companies to tap the country's market.
Sitharaman said a task force has been constituted in the finance ministry that will draw up a national infrastructure pipeline for the next five years.
The RBI has banned the use of cryptocurrencies in India.
Besides, Sitharaman led the Indian delegation to the G20 Finance Ministers and Central Bank Governors meeting in which the deliberations centred on international taxation and 'Stablecoins', which are cryptocurrencies pegged to a stable asset.
Following the announcement, amendments have been made in the income tax act as well as in the Payment and Settlement Systems Act 2007.
Conceding that there were some "weaknesses" in his regime, Singh had on Thursday said the Modi government should stop blaming the UPA for every economic crisis, as five years were sufficient time to come up with solutions.
The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country's economy is "still growing as the fastest", she told a group of Indian reporters on Thursday.
Sitharaman, who is here to attend the annual meeting of the International Monetary Fund and the World Bank, was responding to a question on the status of the India-US trade deal currently been negotiated between the two countries.
Interacting with global investors at the headquarters of the International Monetary Fund here on Wednesday, Sitharaman said that in a bid to fulfill its commitment to tackle climate change India has focused on generation of renewable energy.
Sitharaman made the comments while responding to a question during an interactive session with investors at the IMF headquarters here on Wednesday. The event was organized by the Federation of Indian Chambers of Commerce and Industry and US India Strategic and Partnership Forum.
"It (India) is one of the fastest growing (economies) even today. It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law," Sitharaman said on Wednesday.
Forensic Auditors, appointed by the bank’s Administrator, are also looking into the related transactions, the RBI said.
In order to ensure liquidity for small businesses, Sitharaman said banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates
Referring to challenges like crude oil prices, its supply and other issues, she said India needs to widen its energy basked in view of speculation in crude oil prices in international markets.
Banking sector wrap: Depositors switch to long term maturities in hunt for higher rates; commercial paper issuances slump on stricter SEBI norms
The bank was put under "directions" by the Reserve Bank of India (RBI) last month due to weak financial health, wherein the central bank has capped the deposit withdrawals at Rs 25,000.
The minister was replying to the concerns raised by taxation industry professionals here, who said the industry was "cursing" the government over how the GST was implemented.
Sitharaman was replying to a question posed to her during an interaction with businessmen, entrepreneurs, Chartered Accountants and others in Pune
The meeting of the central board, held in Chandigarh, came a day after Finance Minister Nirmala Sitharaman announced setting up of a panel to recommend legislative changes to ensure better governance at cooperative banks.
Noting that global warming has become a clear and present threat, four top International Monetary Fund officials led by Vitor Gasper, director of its fiscal department, rued that actions and commitments to date have fallen short.
The framework comes after Finance Minister Nirmala Sitharaman in August said that the markets regulator would soon implement the Depository Receipt Scheme 2014.
The finance minister promised to bring in legislative changes for upholding of their interests
India's GDP expansion has slowed to a six-year low of five percent for the June quarter. This has led to a rash of downward revisions in expectations, including from the RBI which now expects GDP growth to come down to 6.1 percent in FY20.
PMC Bank depositors held protests outside the BJP's office at Nariman Point in Mumbai.
In September, GST collections dropped sharply to a 19-month low of Rs 91,916 crore, mirroring a widening slowdown in the economy triggered by shrinking consumer demand.