The 32nd meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC), chaired by RBI Governor Sanjay Malhotra in Mumbai, reviewed global and domestic macroeconomic and financial sector developments with potential stability implications. The Sub-Committee took stock of inter-regulatory issues, including the simplification of KYC processes and financial inclusion drives, and deliberated on the National Strategy for Financial Inclusion (NSFI) 2025–30.
It also examined the functioning of State-Level Coordination Committees in States and Union Territories and assessed the progress of various technical groups. Members reaffirmed their commitment to strengthening financial sector resilience through coordinated regulation, while remaining vigilant against risks arising from trade uncertainty and persistent geopolitical frictions.
Relevant question for policy stakeholders: How can India’s NSFI 2025–30 be designed to simultaneously advance inclusion goals and safeguard systemic stability in an increasingly uncertain global environment?
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https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR1044FD269EE333B1454DB90F42774F885E64.PDF
