Finance Minister Nirmala Sitharaman reviewed the state of the financial system amid international and home challenges at a gathering of the twenty seventh FSDC. (Representative picture)
FSDC discusses the necessity for a driver for the distribution of unclaimed deposits with monetary establishments, says Economic Affairs Secretary Ajay Seth
The Indian monetary system is properly protected and there’s no spillover impact of the failure of American banks on the Indian monetary system, stated Economic Affairs Secretary Ajay Seth on Monday after the FSDC assembly. He added that legislative adjustments introduced within the Budget ought to be expedited.
Seth stated the Financial Stability and Development Council (FSDC) on Monday mentioned the necessity for a driver for the distribution of unclaimed deposits with monetary establishments.
On Monday, Finance Minister Nirmala Sitharaman reviewed the state of the financial system amid international and home challenges at a gathering of the twenty seventh FSDC. The assembly was attended by monetary sector regulators, together with RBI Governor Shaktikanta Das.
(With PTI Inputs)
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