TNPSC Thervupettagam

Financial Stability and Development Council

November 17 , 2019 1708 days 980 0
  • The 21st Meeting of the Financial Stability and Development Council (FSDC) was held recently.
  • It focusses on financial literacy and financial inclusion.
  • FSDC was established in 2010 with Union Finance Minister as its Chairman.
  • Its members include
    • The heads of financial sector regulators (RBI, SEBI, PFRDA, and IRDA)
    • Finance Secretary, Department of Economic Affairs
    • Secretary, Department of Financial Services
    • Chief Economic Adviser
    • Chairman of the Insolvency and Bankruptcy Board
  • FSDC sub-committee is chaired by the Governor of RBI.

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