The Sub-Committee of the Financial Stability and Development Council (FSDC-SC) held a meeting under the chairmanship of Governor Sanjay Malhotra at the Reserve Bank of India office to discuss global and domestic macroeconomic developments and explore strategies to boost financial sector resilience. Against the backdrop of escalating geopolitical frictions stemming from the West Asia conflict—which has triggered sharp spikes in commodity prices and supply chain disruptions—the regulators emphasized the need for robust inter-regulatory coordination to manage potential domestic challenges and safeguard financial stability. The committee reaffirmed its commitment to monitoring emerging issues closely while also focusing on refining regulatory processes and impact assessments to enhance quality, transparency, and accountability across the sector. This high-level meeting was attended by prominent financial leaders and policymakers, including the IRDAI Chairman, PFRDA Chairman, the head of IFSCA, the Meity Secretary, the Expenditure Secretary, the Chief Economic Advisor, and all deputy governors of the RBI.

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