Finance Minister Nirmala Sitharaman to chair FSDC meeting on June 10

New Delhi: Finance minister Nirmala Sitharaman will chair a meeting of Financial Stability and Development Council (FSDC) in Mumbai on June 10 to review current domestic and global economic scenario and regulatory and supervisory issues, a senior official said.

The 29th meeting of the FSDC-also comprising heads of financial sector regulators and top finance ministry officials-comes at a time when external headwinds, especially uncertainties around the US tariff policy and geopolitical conflicts, continue to pose risks to global as well as Indian growth.

Also, allegations of fraud or financial wrongdoing have hit Gensol Engineering and IndusInd Bank, prompting authorities to swing into action.


The FSDC meeting is expected to be attended by Reserve Bank of India governor Sanjay Malhotra and Sebi chairman Tuhin Kanta Pandey, among other regulatory heads.

Top finance ministry officials, including finance secretary Ajay Seth, expenditure secretary Vumlunmang Vualnam, revenue secretary Arvind Shrivastava and financial services secretary M Nagaraju, will also take part in it.

The economy grew at a faster-than-expected rate of 7.4% in the March quarter, driving up the full-year (FY25) growth to the projected 6.5%. It was supported by a rebound in private consumption and strong investment.