​Financial Stability and Development Council (FSDC)

Established           : 2010

With a view to strengthening and institutionalizing the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development, the Financial Stability and Development Council (FSDC) was set up by the Government as the apex level forum in December 2010. The Chairman of the Council is the Finance Minister and its members include the heads of financial sector Regulators.  

Composition of the Council

• Chairperson: The Union Finance Minister of India
• Members:
  • Governor Reserve Bank of India (RBl),
  • Finance Secretary and/ or Secretary, Department of Economic Affairs (DEA),
  • Secretary, Department of Financial Services (DFS),
  • Secretary, Ministry of Corporate Affairs,
  • Secretary, Ministry of Electronics and Information Technology,
  • Chief Economic Advisor, Ministry of Finance,
  • Chairman, Securities and Exchange Board of India (SEBI),
  • Chairman, Insurance Regulatory and Development Authority (IRDA),
  • Chairman, Pension Fund Regulatory and Development Authority (PFRDA) and
  • Chairman, Insolvency and Bankruptcy Board of India (IBBI).