Reserve Bank of India – Press Releases

A gathering of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) was held at this time at Reserve Bank of India, Mumbai. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the assembly.

The Sub-Committee reviewed the foremost developments within the international and home economy in addition to in numerous segments of the monetary system. It mentioned sure inter-regulatory points.

The Sub-Committee additionally reviewed the actions of numerous technical teams beneath its purview and the functioning of State Level Coordination Committees (SLCCs) in numerous States/ UTs. The members resolved to stay vigilant and proactive to make sure that monetary markets and monetary establishments remained resilient amidst the spillovers arising from evolving international macroeconomic scenario.

The assembly was attended by the members of the Sub-Committee – Shri Ajay Seth, Secretary, Department of Economic Affairs; Dr. Vivek Joshi, Secretary, Department of Financial Services; Dr. Manoj Govil, Secretary, Ministry of Corporate Affairs; Shri Sanjay Malhotra, Officer on Special Duty & Secretary (Designate), Department of Revenue; Dr. V. Anantha Nageswaran, Chief Economic Adviser; Dr. Shashank Saksena, Senior Adviser and Secretary, Financial Stability and Development Council; Ms. Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (SEBI); Shri Debasish Panda, Chairman, Insurance Regulatory and Development Authority of India (IRDAI); Shri Supratim Bandyopadhyay, Chairman, Pension Fund Regulatory and Development Authority (PFRDA); Deputy Governors of the Reserve Bank – Shri Mahesh Kumar Jain, Dr. Michael Debabrata Patra and Shri T. Rabi Sankar; and Executive Directors of the Reserve Bank – Dr. O. P. Mall and Shri Saurav Sinha.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1208