New Delhi, Oct. 24 -- The Financial Stability and Development Council (FSDC), chaired by Finance Minister Nirmala Sitharaman, has called for heightened vigilance against risks to India's financial stability amid geopolitical uncertainties, the artificial intelligence (AI) boom and rising global bond yields.

At its 30th meeting in New Delhi on Friday, the council reviewed macro-financial stability and India's preparedness to address emerging risks. Sitharaman called for more frequent meetings at predefined intervals, citing rising geopolitical headwinds and global uncertainty.

The Finance Ministry said the council stressed the need for proactive measures to mitigate potential risks and strengthen financial system resilience.

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