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FSDC meeting: Regulators commit to strengthen financial sector.

Date: 01-09-2020
Subject: FSDC meeting: Regulators commit to strengthen financial sector
Mumbai: The Reserve Bank of India (RBI) said on Monday that the 25th meeting of the Financial Stability and Development Council (FSDC) was held on Monday, where the regulators reaffirmed their commitment to continue co-coordinating on various initiatives and measures to strengthen the financial sector in these extraordinarily challenging times.

It also discussed issues relating to inter-Regulatory coordination and reviewed the initiatives and activities of National Centre for Financial Education (NCFE), activities of various technical groups under FSDC-SC and functioning of State Level Coordination Committees (SLCCs) in various states and Union Territories.

In a meeting chaired by RBI Governor Shaktikanta Das, major developments in global and domestic economy and financial markets that impinge on the financial stability, were also reviewed.

The meeting was attended by the members of the Sub-Committee –Ajay Bhushan Pandey, Finance Secretary and Secretary, Department of Revenue; Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology; Rajesh Verma, Secretary, Ministry of Corporate Affairs, Tarun Bajaj, Secretary, Department of Economic Affairs, Krishnamurthy Subramanian, Chief Economic Adviser; Ajay Tyagi, Chairman, Securities and Exchange Board of India (SEBI), Subhash Chandra Khuntia, Chairman, Insurance Regulatory and Development Authority of India (IRDAI), Supratim Bandyopadhyay, Chairman, Pension Fund Regulatory and Development Authority (PFRDA),. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI)m Injeti Srinivas, Chairperson, International Financial Services Centres Authority (IFSCA).


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