Fsdc

Finance Minister calls for coordinated district-level camps and inter-agency cooperation to return unclaimed amounts to rightful owners

FM Sitharaman to chair 29th FSDC meeting on June 10; RBI, SEBI chiefs to attend

With persistent global uncertainties, the minister is expected to assess systemic vulnerabilities and align regulatory priorities with the government’s policy agenda

'Fin Secy-led expert panel on uniform KYC norms has been in existence for a while'

The topic of KYC is being widely discussed of late following Reserve Bank of India's clampdown on Paytm Payments Bank over several compliance violations

FSDC meet discusses macro-financial stability, simplification of digital KYC process

The Financial Stability and Development Council, chaired by Finance Minister Nirmala Sitharaman, also discussed how to end the adverse impact of unauthorised digital lending and steps to contain their spread.

FSDC sub-committee meets to discuss major developments in global, domestic economy

At the meeting, members resolved to remain vigilant and proactive to ensure that financial markets and financial institutions remained resilient amidst the spillovers arising from evolving global macroeconomic situation, the central bank said

India's top financial body discusses economic preparedness, financing of power sector

The FSDC noted the need to monitor financial sector risks, financial conditions and market developments on a continuous basis so that appropriate and timely action can be taken to mitigate any vulnerability.

FSDC meeting on September 3; to take stock of economy, financial sector

The meeting is to be held soon after first-quarter GDP numbers projected around 20 per cent growth against a contraction of 24.4 per cent recorded in the same quarter of the last financial year.

RBI Governor headed FSDC sub-committee reviews developments in economy

The Sub-Committee also discussed scope for improvements in insolvency resolution under IBC, utilisation of data with the Central KYC Records Registry and changes in the regulatory framework relating to Alternative Investment Funds (AIFs) set up in the International Financial Services Centre (IFSC), among others.

FM Nirmala Sitharaman reviews state of economy at FSDC meeting

"The meeting was very constructive and it took stock of entire financial system and other issues," said Finance Secretary Rajiv Kumar after the meeting that lasted nearly two hours.

SEBI moots spot exchange for agri, non-agri commodities

There is no spot market for commodities at present following the implosion of the National Spot Exchange Limited (NSEL) over the payment default in 2013.

India alert to global financial threats: FSDC

The Financial Stability Development Council (FSDC) met for the 15th time today since its formation in December 2010 to deliberate on the macro-economic situation and financial developments globally.

FSDC: FM, Rajan to discuss fiscal development, economy tomorrow

FSDC, which was set up in December 2010 to strengthen and institutionalise the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development, will hold its 15th meeting tomorrow, official sources said.

India needs to remain prepared to deal with ext risks: FSDC

The FSDC, whose members include RBI Governor Raghuram Rajan and other financial sectors regulators, said high volatility in the financial markets is one of the most prominent risks confronting the Emerging Market Economies.

India NPAs to get worse before they get better: Report

The country‘s Financial Stability Report for fiscal year 2015 says that NPA increased to 4.5-4.6 percent in March from 4.5 percent in September last year. It adds that it will further rise to 4.8 percent in September this year and the decline to 4.7 percent by end of the current financial year (March 2016).

US tapering: FM wants regulators to take preventive steps

The Financial Stability and Development Council (FSDC) members include heads of regulatory bodies like RBI, Sebi and IRDA. The meeting was attended by RBI Governor Raghuram Rajan, Sebi chief U K Sinha, among others.

Super regulator panel raises concern on bank credit quality

The Finance Stability and Development Council (FSDC), or the super regulator as it is popularly known in the market parlance, expressed concern on the deteriorating credit quality of public sector banks while deliberating corrective measures to fix the problem.

But for RBI move, rupee may have fallen to 63: BoA

With the tightening measures, RBI signalled that they are serious about doing something quickly. Otherwise, had nothing been done, the rupee would have gone down to 62-62.5 or maybe 63.

FSLRC chairman highlights challenges for super regulator

FSLRC chairmanSrikrishna said that hiring manpower for a unified regulator will be the biggest challenge.

SEBI, RBI needs to use teeth given to them by law: Takru

It is necessary that we act before the pot boils over that is more important and we would probably put something in place which would lead to proactive action, says Baking Secretary, Rajiv Takru.

RBI and FinMin lock horns over FSDC functioning

RBI and ministry of finance are at loggerheads over functioning and powers of Financial Stability and Development Council (FSDC).

Govt making efforts to boost investor confidence, grwth: FM

Expressing commitment to follow the path of fiscal consolidation, Finance Minister P Chidambaram has said efforts are being made to boost investor confidence and revert to the high growth path.

Budget 2013-14: FM to meet regulators ahead of budget

Finance Minister P Chidambaram will meet financial sector regulators tomorrow to seek their inputs for the Budget with a view to improving investment climate and boosting economy.

SEBI wants principal regulator to monitor investment plans

The collective investment scheme regulations of 1999 are too old to handle the new and innovative schemes that are being introduced. With more scams in this area coming to light SEBI's call for a principal regulator to oversee all collective investment schemes including multi-level marketing schemes has gained strength.

FM holds pre-budget discussions with regulators

Ahead of the budget, Finance Minister Pranab Mukherjee today met financial sector regulators, including RBI Governor D Subbarao and Sebi Chairman U K Sinha, to seek their inputs for formulating proposals to boost economy and improve investment climate.