CAMS brings you a weekly glimpse into the key news in the BFSI sector, both in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector…
India looks at inviting overseas investment at the World Economic Forum 2016 – Davos, with the ‘Make in India’ mantra. India is now looked on as the world’s fastest growing economy with its equities and bonds being favourites.
A robust proprietary channel is necessary for sustained growth of the insurance sector according to a BCG report. It is likely that India is the only large country in the world with a fixed cost agency channel, mentions the report.
SEBI has simplified the electronic verification process, where Mutual Fund houses and market intermediaries can verify client credentials through the Unique Identification Authority of India – Aadhaar.
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