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Financial stability panic discusses emerging scenario of third Covid wave – New Delhi News

“The ‘Sub-Committee’ reviewed the major developments in the global and domestic economy as well as in various segments of the financial system and discussed the assessments of members about the scenario emerging from the third wave of the Covid-19 pandemic,” the RBI stated.

It additionally mentioned varied inter regulatory points and issues regarding the use of Aadhaar primarily based e-KYC and Aadhaar Enabled Payment System by regulated entities, the central financial institution added.

Besides, it reviewed the actions of varied technical teams beneath its purview and the functioning of ‘State Level Coordination Committees’ (SLCCs) in varied states or UTs.

“The members resolved to maintain a close watch on the unfolding developments and act proactively to ensure that financial institutions and financial markets remain resilient amidst the challenges posed by the resurgence of the pandemic,” the RBI stated.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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