The Financial Stability and Development Council met for its 30th session in New Delhi.
Members reviewed how the world’s politics and the rise of artificial intelligence affect India’s economy.
They encouraged new technology in the financial technology sector and the use of tokenisation.
The council urged faster refunds of unclaimed bank deposits, shares, and pension funds.
Key officials, including the Governor of the Reserve Bank of India, attended the meeting.
They looked at ways to protect banks and digital services from cyber attacks.
The group explored new digital money ideas like turning assets into online tokens.
They also discussed returning lost bank deposits and other money to the people who own them.
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