CAMS brings to you the important happenings in the BFSI segment during this week. In this weekly roundup, we will attempt to cover key events, milestones, regulatory updates that have an impact on the BFSI sector in India and the world.
The gold monetization scheme allows depositors to avail regular interest on their gold in the form of jewellery, bars or coins. The deposits will earn interest based on the weight of gold they have deposited. Know more about the benefits of this scheme.
Federal Bank opened its International banking unit at the International Financial Centre in Ahmedabad. The IIFC already has Yes Bank as the first bank to open here. The bank that operates from this centre is equivalent to a foreign branch.
The Association of Mutual Funds has appointed consultant to relook at the risk management guidelines that govern the industry. The association hopes to bring in measures to safeguard investor interests.
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