FSDC stresses on the need to monitor India's financial sector risks

Meeting discusses that it's endeavour of regulators to ensure incidents like the NSE colocation scam don't repeat and there are better ways to deal with the fallout

The Financial Stability & Development Council (FSDC), chaired by Finance Minister Nirmala Sitharaman, on Thursday highlighted the need to monitor financial sector risks and the steps needed to mitigate them at a time when interest rates are rising in many emerging and developed economies amid inflationary pressures.

“It was noted that there is a need to monitor the financial sector risks, the financial conditions, and market developments on a continuous basis by the government and the regulators so that appropriate and timely action can be taken so as to mitigate any vulnerability and strengthen financial stability,” said a statement from