An RBI panel led by Governor Shaktikanta Das today reviewed the economic situation in the country
Mumbai:
The Financial Stability and Development Council (FSDC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday reviewed the current economic situation in the country amid the number of Coronavirus infections. spike due to the spread of Omicron. The panel decided to closely monitor ongoing developments to ensure financial stability.
The FSDC meeting was attended by all financial sector regulators including SEBI, IRDAI, PFRDA and IBBI. It is held virtual.
“Members are determined to keep a close eye on ongoing developments and take proactive action to ensure that financial institutions and financial markets remain resilient amid challenges,” the RBI said. awareness due to the resurgence of the pandemic,” the RBI said in a statement.
The subcommittee reviewed key developments in the global and domestic economy as well as in different segments of the financial system and discussed the members’ assessment of the scenario emerging from the pandemic wave. Tuesday.
Among others, it discussed various inter-regulatory issues and issues related to the use of Aadhaar-based e-KYC and Aadhaar Enabled Payment System by regulated entities. physical.
It also examines the work of various technical groups according to its purpose and the work of state coordination committees (SLCCs) in different states and Union Territories.
The meeting was attended by finance secretary TV Somanathan, expenditure secretary, economic secretary, revenue secretary, corporate secretary, IT secretary and FSDC secretary.
