NDTV Khabar

RBI, SEBI oppose statutory powers for FSDC


With the ULIP ordinance now being converted into a bill, the focus has shifted to the proposed Financial Stability Development Council or FSDC. Once again the FSDC seems to have created a split amongst regulators with the RBI and SEBI opposing the proposal to make the FSDC a statutory body while the IRDA and PFRDA seem in favour of it.


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