Weekly Roundup – December 26

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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.

The year 2015 saw banks, including those that were so far not active on the digital front, join the app or wallet bandwagon.

Indian Mutual Funds are opting out of startup funding and are playing it safe.

In the last decade, growth in NBFCs’ share of credit is likely to accelerate further over the next 5-10 years according to a BCG and CII report

RBI has created an email helpline to provide regulatory advice for start-ups that are increasingly doing cross-border transactions.

Foreign investment in India’s financial services sector increased in 2015, thanks to interest in retail service providers and higher cap for foreign investment in insurance sector

RBI has underlined the strengths of the virtual currency – bitcoin –whose technology can help check counterfeiting. The technology called ‘blockchain’ records all bitcoin transactions in a way that cannot be altered.

 The IRDA has tightened its rules on non-compliance of management expense procedures by Insurance companies. The regulator plans to impose restrictions on opening new places of business.

 

About CAMS:

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 60% of assets of the industry across 15 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also is a service partner to leading insurance companies, banks, NBFC’s and private equity funds. To know more visit www.camsonline.com .

 

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Published by

Sudarshan Ranganthan

Breaths Investments, Suggests Wealth Creation Ideas, Lives on Law Of Attraction

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