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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India must build on improved macroeconomic stability
All banks would be able to meet the minimum regulatory common equity tier 1 (CET1) ratio of 5.5 per cent even under severe stress scenario
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The book is worth a read for all those interested in our economy - students or commentators of various tints - not least because most arguments are data-anchored but devoid of spite
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Flexibly targeting inflation is consistent with a demand stimulus