Fsdc Panel

RBI Guv headed FSDC reviews overall macroeconomic, financial developments

Reserve Bank Governor Shaktikanta Das headed the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Thursday reviewed global and domestic macroeconomic and financial developments. It also reviewed issues relating to inter-regulatory coordination in the Indian financial sector, the RBI said in a statement after the 31st meeting of the FSDC Sub-Committee. "Members shared their assessments of potential risks to financial stability and discussed various issues that may have financial stability implications," it said. The Sub-Committee also reviewed the activities of various technical groups under its purview and the functioning of State-level Coordination Committees (SLCCs) in states/Union territories (UTs). It resolved to continue its focus on improving financial sector resilience through inter-regulatory coordination, while remaining watchful of emerging challenges to the economy and the financial system, including those from global spillovers, cyber hazard

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Govt forms panel headed by T V Somanathan to finalise uniform KYC norms

"The committee has been constituted. Different government departments and FSDC members are part of it," a senior official said

FM Sitharaman to review state of economy at FSDC meeting on February 21

Finance Minister Nirmala Sitharaman is scheduled to review the state of the economy amid global challenges at a meeting of the Financial Stability and Development Council (FSDC) on February 21. The 28th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said. This would be the first meeting of the FSDC after the passage of the Rs 47.6 lakh crore Budget for 2024-25, focussing on capital expenditure with an outlay of Rs 11.11 lakh crore. In the meeting, the Finance Minister will review the current global and domestic economic situation and financial stability issues. Sitharaman is likely to stress key priorities highlighted in the interim Budget, the way forward for various future policies and measures that the government has proposed to take in many sectors, sources said. Besides, the council may also review the progress of measures approved earlier for further development of the finan

FSDC discusses need for more early warning indicators for economy

Amid banking crisis in West, FM says ensuring financial stability is shared responsibility of all regulators

Banking system sheltered from wider sector turmoil seen globally: FSDC

FSDC considers the country's banking system to be protected from any spillover from issues in the sector globally, country's economic affairs secretary said

FSDC pitches for a special drive to settle unclaimed deposits in banks

High-powered Financial Stability and Development Council (FSDC) headed by Finance Minister Nirmala Sitharaman on Monday underlined the need of launching a drive to help people get their unclaimed deposits in banks and other financial institutions. Briefing reporters about the discussions in the meeting, Economic Affairs Secretary Ajay Seth also said there is no spillover effect of the failure of American banks on the Indian financial system, which is "well protected". The 27th meeting of the FSDC was attended by all financial sector regulators, including RBI Governor Shaktikanta Das. The secretary also said there was a view that the government should expedite the required legislative changes to give effect to the proposals announced in the Union Budget. On the unclaimed deposits matter, Seth said the FSDC was of the view that a drive should be undertaken to ensure people get their unclaimed deposits lying with financial institutions. About Rs 35,000 crore unclaimed deposits as of

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

FSDC discusses ways to ease inter-regulatory issues at IFSC-GIFT City

Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman

FSDC stresses on the need to monitor India's financial sector risks

Meeting discusses that it's endeavour of regulators to ensure incidents like the NSE colocation scam don't repeat and there are better ways to deal with the fallout

FM Sitharaman to review state of economy at FSDC meeting on Sep 15

Finance Minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC), scheduled on September 15. The 26th meeting of the high-level panel to be held in Mumbai will be attended by all financial sectoral regulators, including RBI Governor Shaktikanta Das, sources said. The FSDC is the apex body of sectoral regulators, headed by the Union finance minister. The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, according to the sources. The council would also discuss measures required for further development of the financial sector and to achieve inclusive economic growth with macroeconomic stability, they said. As per the RBI estimate, the country's GDP is expected to witness a growth of 7.2 per cent in the current financial year amid elevated retail inflation at 6.7 per cent.

Maintain constant vigil on financial sector: FM Sitharaman to regulators

The Financial Stability and Development Council (FSDC) meeting attended by various financial sector regulators comes against the backdrop of rising tension between Russia and the US over Ukraine

At FSDC meet, regulators told to keep a watch on financial sector

Officials stress need to strengthen resolution framework for financial institutions

FSDC asks regulators to keep constant vigil on financial sector

The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on financial sector

FSDC meeting on Sep 3; to take stock of economy, financial sector

FM Nirmala Sitharaman has called a meeting of the FSDC on September 3 to discuss the state of the financial sector and a strategy to support the nascent recovery of the pandemic-hit economy

No agenda listed for FSDC's next meet, FinMin expresses surprise

Regulators fail to come up with issues to discuss at FSDC sub-committee meeting this month

FSDC deliberated on challenges in transition from Libor-based contracts

In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard

High-level FSDC deliberates on measures to accelerate growth momentum

The FSDC is the apex body of sectoral regulators, headed by the finance minister

FSDC meeting on Tuesday; to take stock of economy, financial sector

The meeting also comes ahead of the Union Budget for the next financial year

FM reviews state of economy with RBI, other regulators at FSDC meet

The FSDC is the apex body of sectoral regulators, headed by the finance minister