The 22nd Meeting of the Financial Stability and Development Council (FSDC) was chaired by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman in New Delhi. The FSDC meeting featured the participation of senior officers of the Government of India as well Financial Sector Regulators. the participants of the meeting reviewed the measures taken by the Government of India and the regulators in the recent months to maintain the financial stability in the context of COVID-19 pandemic.
During the meeting, present global and domestic macro-economic situation was reviewed including the financial stability and vulnerabilities issues. They also reviewed major issues that are likely to be faced by banks as well as other financial institutions. Along with the above, FSDC also take note of market volatility, domestic resource mobilisation and capital flows issues.