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Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities RBI Governor Shaktikanta Das on Monday chaired the meeting of the sub-committee of the Financial Stability and Development Council (FSDC), which reviewed the major global and domestic macroeconomic and financial developments. 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. It also focussed on preserving the financial system stability for attaining strong, sustainable and inclusive gr...
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities
Source: IANS
29/08/2023 9:29:52 AM
Indian financial system well protected, regulated despite daunting global financial situation: Ajay Seth Economic Affairs Secretary Ajay Seth said Indian financial system is well protected and regulated despite the daunting global financial situation. However, he said there are a set of indicators which provide early warning indicators so that the stresses are noticed well in time to take the corrective measures.  Asked if the spillover of the failure of Silicon Valley Bank and Signature Bank and liquidity pressure faced by Credit Suisse was discussed, Seth said, it was not specifically ...
Indian financial system well protected, regulated despite daunting global financial situation: Ajay Seth
Indian financial system well protected, regulated despite daunting global financial situation: Ajay Seth
Source: Accord Fintech
9/05/2023 11:49:05 AM
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting The Financial Stability and Development Council (FSDC) on Monday decided that a mechanism needs to be evolved to strengthen early warning signals, so that all kinds of financial stress can identified well in advance. During the 27th meeting of the FSDC, presided over by Finance Minister Nirmala Sitharaman, it was noted that though the Indian economy is well insulated from global shocks and spillover effects of the prevailing geopolitical situation, there is a need to be cautious and theref...
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting
Source: IANS
9/05/2023 9:41:40 AM
India says banking system sheltered from wider sector turmoil India's Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country's economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which is chaired by the finance minister and brings together the leading regulators, including the country’s central bank. "We see that the global financial situation is daunt...
India says banking system sheltered from wider sector turmoil
India says banking system sheltered from wider sector turmoil
Source: Reuters
9/05/2023 9:17:50 AM
Finance minister Nirmala Sitharaman to review state of economy at meeting of FSDC Amid global and domestic challenges, Finance minister Nirmala Sitharaman may review the state of the economy at a meeting of the Financial Stability and Development Council (FSDC) on May 08, 2023. The 27th meeting of the high-level panel will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das. This would be the first meeting of the FSDC after the passage of Rs 45 lakh crore Budget for 2023-24 with greater emphasis on capital expenditure with an outlay of Rs...
Finance minister Nirmala Sitharaman to review state of economy at meeting of FSDC
Finance minister Nirmala Sitharaman to review state of economy at meeting of FSDC
Source: Accord Fintech
8/05/2023 9:38:27 AM
Nirmala Sitharaman to hold FSDC meeting on May 8 to review economy Finance Minister Nirmala Sitharaman on Monday is likely to hold a meeting to review the status of the economy, sources in the know of things said on Sunday. She is expected to hold a meeting of the financial stability and development council (FSDC), which is likely to be attended by regulators of the financial institutions, namely the chiefs of RBI, IRDA and SEBI, among others. The meeting will review the current global and domestic economic situation and financial stability issues, sou...
Nirmala Sitharaman to hold FSDC meeting on May 8 to review economy
Nirmala Sitharaman to hold FSDC meeting on May 8 to review economy
Source: IANS
7/05/2023 5:36:17 PM
FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy  The Financial Stability and Development Council (FSDC) on Thursday noted that there is a need to monitor financial sector risks, fiscal conditions, and market developments on a continuous basis by the government and the regulators, so that appropriate action can be taken to mitigate any vulnerability and strengthen financial stability. The FSDC meeting in Mumbai, chaired by Finance Minister Nirmala Sitharaman, also discussed early warning indicators for the economy and the government...
FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy
FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy
Source: IANS
16/09/2022 9:19:49 AM
FM-led Council stresses on monitoring of financial conditiions The Financial Stability and Development Council (FSDC) has emphasised the need to keep a continuous vigil by the government and regulator on the financial conditions. The 24th meeting of the Council, chaired by Finance Minister Nirmala Sitharaman, on Friday also deliberated on its various mandates -- financial stability, financial sector development, inter-regulatory coordination, financial literacy, financial inclusion, and macro prudential supervision of the economy including the functio...
FM-led Council stresses on monitoring of financial conditiions
FM-led Council stresses on monitoring of financial conditiions
Source: IANS
4/09/2021 9:22:45 AM