New Delhi, Sept. 5 -- The Sub-Committee of the Financial Stability and Development Council (FSDC-SC), chaired by RBI Governor Sanjay Malhotra, on Thursday reviewed global and domestic macroeconomic and financial sector developments, with a focus on issues that could affect financial stability.

According to the RBI, the panel assessed progress on inter-regulatory matters such as simplifying Know Your Customer (KYC) processes and ongoing drives to expand financial inclusion. It also discussed the draft National Strategy for Financial Inclusion (NSFI) 2025-30.

"The FSDC-SC reaffirmed its commitment to improving financial sector resilience through inter-regulatory coordination and maintaining vigilance on emerging challenges, including heig...