Nirmala Sitharaman Chairs 30th Meeting of Financial Stability and Development Council in New Delhi

Key facts

• Union Finance Minister Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi on October 23, 2026.
• The meeting was attended by the Reserve Bank of India (RBI) Governor, secretaries of the Department of Economic Affairs, Department of Revenue and Department of Financial Services, and the Chief Economic Adviser.
• Chairpersons of key regulators including SEBI, IRDAI, IFSCA, PFRDA and IBBI attended the meeting, along with senior officials from MeitY and CERT-In.
• The FSDC is the government's apex-level forum for discussing financial stability, financial sector development and coordination among financial regulators, and was constituted by a government notification dated December 30, 2010.
• The FSDC is chaired by the Union Finance Minister, while its sub-committee is chaired by the RBI Governor.
• The FSDC's responsibilities include financial literacy, financial inclusion and macroprudential supervision of the economy, including the functioning of large financial conglomerates.