Jun 10, 02:42 PM

Finance Minister Nirmala Sitharaman at 29th FSDC Meeting Urges Swift Refunds, Unified KYC Norms, and Focus on Stability

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.

#Nirmala Sitharaman #FSDC #Mumbai #Sitharaman #Know Your Customer

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