Business EconomyPosted at: Oct 23 2026 4:53PM


Finance Minister chairs 30th FSDC meeting; RBI Governor, SEBI head attend

New Delhi, Oct 23 (UNI) union Finance Minister Nirmala Sitharaman on Friday chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi, bringing together the Reserve Bank of India (RBI) Governor, heads of financial sector regulators and senior government officials.
The meeting was attended by the secretaries of the Department of Economic Affairs, Department of Revenue and Department of Financial Services, along with the Chief Economic Adviser to the government.
The chairpersons of key regulatory bodies, including the Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), International Financial Services Centres Authority (IFSCA), Pension Fund Regulatory and Development Authority (PFRDA) and Insolvency and Bankruptcy Board of India (IBBI), were also present.
Senior officials from the Ministry of Electronics and Information Technology (MeitY) and the Indian Computer Emergency Response Team (CERT-In) participated in the meeting, reflecting the involvement of multiple government institutions in discussions concerning the financial sector.
The FSDC is the government's highest-level institutional mechanism for addressing issues related to financial stability, financial sector development and coordination among regulators. Its mandate also covers financial inclusion, financial literacy and macroprudential supervision, including monitoring risks associated with large financial conglomerates.
Established through a government notification on December 30, 2010, the council is chaired by the union Finance Minister and comprises the RBI Governor, senior Finance Ministry officials and heads of major financial sector regulators.
The council and its subcommittee, which is chaired by the RBI Governor, deliberate on matters raised by members concerning financial stability, regulatory coordination and the development of financial markets. The forums also consider measures to address emerging risks and strengthen the resilience of the country's financial system.
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Tags: #Finance Minister chairs 30th FSDC meeting; RBI Governor# SEBI head attend
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