Economy of scale..! RBI governor headed panel of regulators discuss issues concerning nation’s financial stability

Discussing the ways to address challenges pertaining to the quality of credit ratings and other issues concerning the economy, the financial sector regulators headed by RBI Governor Shaktikanda Das deliberated on the interlinking of various regulatory databases and the National Strategy for Financial Inclusion.

Markets regulator Sebi, insurance regulator IRDAI, and pension fund regulator PFRDA, along with senior officials of the finance ministry also brainstormed the key issues facing the economy at the meeting of Financial Stability and Development Council (FSDC) on Thursday.

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“The sub-committee reviewed the major developments on the global and domestic fronts that impinge on the financial stability of the country,” the central bank said after the meeting.

The panel meanwhile discussed ways to address challenges pertaining to the quality of credit ratings; and inter-linkages between housing finance companies and housing developers.

Further, the sub-committee reviewed the functioning of state-level coordination committee (SLCCs) in various states and Union territories, activities of its various technical groups, and a thematic study on financial inclusion and financial stability.

COURTESY:- NEWS BHARATI