Financial Stability and Development Council Reviews Current Global And Domestic Macro-economic Situation

21st Meeting of the Financial Stability and Development Council (FSDC) was held today under the Chairmanship of the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman. The Council reviewed the current global and domestic macro-economic situation and financial stability and vulnerabilities issues, including inter-alia, those concerning NBFCs and Credit Rating Agencies. The Council reviewed the action taken by members on the decision taken by FSDC earlier and held discussions on the proposals submitted for further strengthening of the resolution framework and framework for cyber security of the financial sector.

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