The aim of financial stability is to prevent phenomena which could result in destabilisation of the economy. You can read about the Financial Stability and Development Council (FSDC) – UPSC Notes in the given link.

The Financial Stability and Development Council was established as an autonomous body dealing with macroprudential and financial regularities in the entire financial sector of India.

Further readings:

  1. Global Financial Stability Report 2020 – GFSR Report By IMF
  2. Financial Stability Report (FSR) 2020 – An Overview of Biannual RBI Report

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