Financial Stability and Development Council sub-panel reviews macroeconomic, financial issues
A meeting of the sub-committee of the Financial Stability and Development Council (FSDC-SC) was held on Monday at the Reserve Bank of India. Reserve Bank of India Governor Shaktikanta Das chaired the meeting.
A meeting of the sub-committee of the Financial Stability and Development Council (FSDC-SC) was held on Monday at the Reserve Bank of India. Reserve Bank of India Governor Shaktikanta Das chaired the meeting.
They reviewed major global and domestic macroeconomic and financial developments, and issues of inter-regulatory coordination relating to the Indian financial sector activities of various technical groups under its purview.
It resolved to remain vigilant against any build-up in vulnerabilities in all segments of the Indian financial system as well as in the broader economy, especially from global spillovers in a dynamic and uncertain world, and to preserve financial system stability for attaining strong, sustainable and inclusive growth.
The meeting was attended by the members of the sub-committee -- TV Somanathan, Finance Secretary and Secretary, Department of Expenditure; Vivek Joshi, Secretary,
Department of Financial Services; Sanjay Malhotra, Secretary, Department of Revenue; Manoj Govil, Secretary, Ministry of Corporate Affairs; Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (SEBI); Debasish Panda, Chairman, Insurance Regulatory and Development Authority of India (IRDAI);
Among others are Deepak Mohanty, Chairman, Pension Fund Regulatory and Development Authority (PFRDA); K. Rajaraman, Chairman, International Financial Services Centres Authority (IFSCA), Ravi Mittal, Chairman, Insolvency and Bankruptcy Board of India (IBBI); Deputy Governors of the Reserve Bank - Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Shankar, Swaminathan J. and Executive Director of the Reserve Bank - O. P. Mall.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 29, 2024): Precious metal futures trade in green; yellow metal above Rs 72,250, white metal above Rs 95,500
Gold and Silver rates today (May 27, 2024): MCX gold jumps after sharp losses last week, silver nears Rs 92,100/kg levels
Hindustan Unilever, Polycab India and 3 other stocks can offer up to 50% return in 1 year - Check targets by brokerage
Shark Tank India: This startup gets blank check offer as revenue soars 10 times in 15 months, resulted in clash between judges
Top 5 large and mid cap SIP mutual funds in 5 Years: Rs 20,000 SIP in top fund has given a total of Rs 28.22 lakh
09:15 PM IST