NEW DELHI: The FSDC sub-committee headed by RBI Governor Shaktikanta Das on Thursday resolved to remain alert to emerging challenges in the backdrop of second COVID-19 wave and ensure resilience of financial markets.

The meeting of the sub-committee of the Financial Stability and Development Council (FSDC) through video conferencing was attended by financial sector regulators including Sebi and IRDAI as well as officials of the finance ministry, corporate affairs ministry and Ministry of Electronics and Information Technology.

“The members resolved to remain vigilant and proactive to ensure financial markets and financial institutions remained resilient in the face of fresh challenges brought on by the resurgence of the pandemic,” the RBI said in a statement.

The sub-committee also reviewed the major developments in the global and domestic economy as well as in various segments of the financial system and discussed the assessments…

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