Printed: June 19, 2020 2:58:25 am
The sub-committee of the Monetary Stability and Growth Council (FSDC), the physique of monetary sector regulators and key officers of the Finance Ministry, on Thursday unanimously resolved that each taking part regulator and the Finance Ministry will do no matter is critical to revive the financial system and protect monetary stability.
The sub-committee mentioned concerning the proposal of establishing an Inter Regulatory Technical Group on Fintech and the Nationwide Technique on Monetary Training 2020-2025. In a gathering held by way of video convention, the panel additionally deliberated on the standing and developments beneath the Insolvency and Chapter Code 2016 and the working of credit standing businesses.
“Given the prevailing extraordinary circumstances, the Sub-Committee unanimously resolved that every participating regulator and ministry will continue to remain alert and watchful of the emerging challenges,” the sub-committee assembly chaired by RBI Governor Shaktikanta Das mentioned.
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