NEW DELHI: Finance minister Nirmala Sitharaman on Thursday will chair a meeting of the Financial Stability and Development Council (FSDC) amid the ongoing debilitating impact of the coronavirus pandemic on the economy and the financial sector.
Thr meeting will have the Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority, Insolvency and Bankruptcy Board of India, Pension Fund Regulatory and Development Authority, among others, and secretaries and senior officials in the ministry of finance as well, in attendance.
It will take stock of the disruption caused by the lockdown on financial institutions and devise ways to deal with it. Financial sector reforms may also come up for