RBI panel on monetary stability critiques US tariff affect, monetary inclusion efforts

Mumbai: The members of the Monetary Stability and Growth Council, on Thursday mentioned challenges economic system would face because of tariffs imposed by the US, simplification of KYC and measures to enhance monetary inclusion.The thirty second assembly of the sub-committee of FSDC was chaired by the Reserve Financial institution of India governor Sanjay Malhotra. The assembly targeted on points with potential implications for monetary stability. An announcement issued by the RBI acknowledged that the subcommittee reaffirmed its dedication to strengthening monetary sector resilience by way of coordinated regulatory efforts and sustaining vigilance over rising dangers, significantly these stemming from “heightened commerce uncertainty and persisting geopolitical frictions.”
The committee reviewed progress on inter-regulatory initiatives, together with the Nationwide Technique for Monetary Inclusion (NSFI) 2025-30, and assessed the functioning of state-level coordination committees (SLCCs) throughout states and union territories.
The assembly was attended by Tuhin Kanta Pandey, chairperson, Sebi; Ajay Seth, chairperson, Irdai; S Ramann, chairperson, PFRDA; Ravi Mital, chairperson, IBBI, Nagaraju Maddirala, secretary, division of economic providers; V Anantha Nageswaran, chief financial adviser and Chanchal Sarkar, secretary, Monetary Stability and Growth Council.

RBI deputy governors M Rajeshwar Rao, T Rabi Sankar, Swaminathan J, Poonam Gupta; government director of the RBI AR Joshi have been additionally current.