Secretary, DFS chairs Inter-Departmental Committee meeting with member ministries of MHA, MEA, DoC and RBI

Key Points

1. Inter-Departmental Committee (IDC) meeting was chaired by Shri M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance on 20 NOV 2025.
2. The meeting included member ministries/departments i.e. Ministry of Home Affairs (MHA), Ministry of External Affairs (MEA), Department of Commerce (DoC) and the Reserve Bank of India (RBI).
3. The IDC deliberated on proposals from RBI regarding the establishment of branches, representative offices and subsidiaries of foreign banks in India.
4. The Committee reviewed proposals from Indian banks seeking to expand their presence abroad.
5. The IDC examined requests from foreign banks for relocation of their existing branches within India.
6. The IDC functions under the Department of Financial Services (DFS).