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.
About Financial Stability and Development
Council
Financial Stability and Development Council (FSDC) is an apex-level body
constituted by the government of India.
It is super regulatory body was first mooted by the Raghuram Rajan Committee in
2008.
Finance Minister of India, Pranab Mukherjee set an autonomous body dealing with
financial regularities in the entire financial sector of India.
