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At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms across all sectors #FSDCMeeting #FinanceMinister #NirmalaSitharaman #KYC #SEBI #rbi https://t.co/c5lwJf1VPf
FM Nirmala Sitharaman asks regulators to expedite refund on unclaimed deposits, streamline KYC https://t.co/VHrwYiAXGX
#WATCH | FSDC Meet wraps up: Push for higher investment ratio, focus on stability & regulatory synergy — @ankurmishrasays reports. https://t.co/t4azsqzHx4
Union Finance Minister Nirmala Sitharaman chaired the 29th meeting of the Financial Stability and Development Council (FSDC) in Mumbai on June 10, 2025. During the meeting, she urged regulators and departments to expedite the refund process for unclaimed financial assets to their rightful owners. Sitharaman also emphasized the need for streamlined and unified Know Your Customer (KYC) norms across all financial sectors to facilitate seamless transactions and improve regulatory efficiency. The FSDC meeting concluded with a focus on enhancing financial stability, promoting regulatory synergy, and encouraging a higher investment ratio in the economy.
