FSDC reviews global, domestic econ issues posing financial stability implication
This story was originally published at 21:48 IST on 4 September 2025
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MUMBAI – The sub-committee of the Financial Stability and Development Council held a meeting at the Reserve Bank of India Thursday, the central bank said in a press release. RBI Governor Sanjay Malhotra chaired the meeting attended by Securities and Exchange Board of India Chairperson Tuhin Kanta Pandey, Insurance Regulatory and Development Authority of India Chairperson Ajay Seth, and Pension Fund Regulatory and Development Authority Chairperson S. Raman among others.
The sub-committee discussed global and domestic macroeconomic and financial sector developments and various issues that may have financial stability implications, the RBI said. "The sub-committee reviewed the progress in several inter-regulatory matters including simplification of KYC (know your customer) processes and special drives for financial inclusion," it said.
The committee also discussed the National Strategy for Financial Inclusion 2025–30, the release said. It also reviewed the functioning of State-Level Coordination Committees and activities of various technical groups. "The FSDC-SC reaffirmed its commitment to continue its focus on improving financial sector resilience through inter-regulatory coordination; and keeping a close watch on emerging challenges including those from heightened trade uncertainty and persisting geopolitical frictions," the RBI said. End
Reported by Kabir Sharma
Edited by Akul Nishant Akhoury
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