Comments
Finance Minister Nirmala Sitharaman on Wednesday reviewed the economy with financial sector regulators — SEBI (Capital Market), RBI (Monetary Sector), IRDA (Insurance), PFRDA (Pension) and IBC (Insolvency & Bankruptcy). “Budget related proposals were also discussed,” RBI Governor Shaktikanta Das told reporters after the meeting. He emphasised that financial stability was the underlying theme of the monetary policy.
According to a Finance Ministry statement, the meeting reviewed the current global and domestic economic situation and financial stability issues including those concerning banking and NBFCs.
The Council was also apprised of the progress made towards setting up of the Financial Data Management Centre to facilitate integrated data aggregation and analysis as also a Computer Emergency Response Team (CERT-Fin) towards strengthening the cyber security framework for the financial sector.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.