Finance Minister chairs the 30th meeting of the Financial Stability and Development Council
23 October 2026
Union Finance Minister Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi on 23 October 2026.
The Council reviewed macro-financial stability amid geopolitical uncertainty, the AI boom and a steep rise in global bond yields.
It took note of the Financial Sector Cyber Security Strategy (FSCSS), formulated by an Inter-Ministerial Group of regulators and cybersecurity agencies.
It also discussed fintech innovation and the tokenisation of financial and other real-world assets.
The Finance Minister urged faster refund of unclaimed assets and noted the 'Your Money, Your Right' campaign.
She asked the Council to meet more frequently on a predefined schedule; RBI Governor Sanjay Malhotra attended.
In plain words
FSDC Financial Stability and Development Council — A council of financial regulators chaired by the Union Finance Minister that watches over financial stability.
Tokenisation — Recording ownership of an asset as a digital token that can be held and traded.