Union Minister of Finance and Corporate Affairs chaired the 20th Meeting of the Financial Stability and Development Council (FSDC) held in New Delhi.
It was attended by senior officers of the Government of India and the Financial Sector Regulators.
The meeting reviewed the current global and domestic economic situation and financial stability issues including those concerning Banking and NBFCs.
The Financial Stability and Development Council:-
1. Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India.
2. It is super regulatory body was first mooted by the Raghuram Rajan Committee in 2008.
3. Finance Minister of India, Pranab Mukherjee set an autonomous body dealing with financial regularities in the entire financial sector of India.