New Delhi, Oct. 23 -- Union finance minister Nirmala Sitharaman on Friday called for more frequent meetings of the Financial Stability and Development Council (FSDC) as it reviewed emerging risks to India's financial stability amid geopolitical uncertainties, the artificial intelligence (AI) boom and a sharp rise in global bond yields.

At its 30th meeting, chaired by Sitharaman in New Delhi, the council stressed the need for heightened vigilance and proactive measures to mitigate potential risks while ensuring the resilience of the financial system, the finance ministry said in a statement.

The council also discussed measures to promote fintech innovation, explore tokenization of financial and other real-world assets, strengthen cyber r...