The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Tuesday deliberated on the challenges emanating from global and domestic developments and asked the regulators to maintain constant vigil on the financial sector.
The Financial Stability and Development Council (FSDC) meeting attended by various financial sector regulators, including RBI Governor Shaktikanta Das, comes against the backdrop of rising tension between Russia and the US over Ukraine.
The Council also discussed measures required for further development of the financial sector and to achieve an inclusive economic growth with macroeconomic stability.
“The Council deliberated on the various mandates of the FSDC and major macro-financial challenges arising in view of global and domestic developments.
“The Council noted that the government and all regulators need to maintain constant vigil on the financial conditions and functioning of important financial institutions, especially considering that it could…