FM Nirmala Sitharaman urged regulators and other stakeholders to expedite refunds of unclaimed financial assets to their rightful owners. The Financial Stability and Development Council (FSDC), chaired by Finance Minister Nirmala Sitharaman, has called for heightened vigilance to safeguard India's financial stability amid. The Financial Stability and Development Council called for vigilant especially in view of the ongoing geopolitical uncertainties, AI boom and steep rise in global bond yields.