About FSDC

• Financial Stability and Development Council (FSDC) is an apex-level body constituted in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability.
• It is not a statutory body.
• It is chaired by the Union Finance Minister of India. 
• Its members include the heads of financial sector regulators (RBI, SEBI, PFRDA, IRDA), Finance Secretary and/or Secretary, Department of Economic Affairs, Secretary, Department of Financial Services, and Chief Economic Adviser.
• The Council monitors macro prudential supervision of the economy, including functioning of large financial conglomerates, and addresses inter-regulatory coordination and financial sector development issues. 
• It also focuses on financial literacy and financial inclusion. 
• No funds are separately allocated to the Council for undertaking its activities.

Why in News?

• The 23rd meeting of the Financial Stability and Development Council was held recently.

Reference:

1. https://www.business-standard.com/article/pti-stories/fsdc-deliberates-on-measures-to-accelerate-growth-momentum-120121501043_1.html