Union Finance Minister Nirmala Sitharaman chaired the 28th Meeting of the Financial Stability and Development Council – FSDC in New Delhi today. Issues related to formulation of strategy for implementing the decisions of the FSDC and the Union Budget announcements were discussed in the meeting. These include prescribing uniform KYC norms, inter-usability of KYC records across the financial sector, and simplification and digitalisation of the KYC process. FSDC  emphasised that the members need to maintain constant vigilance and continue their proactive efforts towards detecting emerging financial stability risks and taking the necessary measures to maintain the resilience of the financial sector. The FSDC members also decided to strengthen inter-regulatory coordination to further develop the financial sector so that it continues to provide the requisite financial resources for inclusive economic growth.The FSDC also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Governor, Reserve Bank of India  and the action taken by members on the previous decisions of the FSDC.<br />''<span style="color: #222222;"><br />''<br />''The meeting was  also attended by Union Minister of State  for Finance Dr. Bhagwat Kishanrao Karad and RBI Governor Shaktikanta Das.</span><br />