Weekly Roundup – January 30

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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…

MF

Don’t be amazed if you e commerce portals offering to transact in Mutual Funds. Mutual Companies are exploring e commerce portal as one of platform to sell Mutual Funds.

 
Seeking clarification from mutual funds on allegations of ‘dividend stripping’, capital markets regulator Sebi chairman U K Sinha said action will be taken against those violating rules

In order to increase the share percentage of banking people in India and make best use of government backed initiative financial inclusion, Banks have increased its hiring in the small town and villages.

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To increase the reach of government’s flagship health insurance scheme , Ministry of health is preparing to roll out expanded version of   Rashtriya Swashtya Bima Yojna to cover more than 10 crore families or 50 crore people .

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The government is in discussions with the Reserve Bank of India (RBI) to allow more free ATM transactions for certain types of accounts as part of its drive to deepen financial inclusion through the spread of cash-vending machines.

Finance Ministry to organise India Investment Summit on February 4-5 In order to attract investments in infrastructure sector, the Finance Ministry will organise a two-day India Investment Summit from February 4, which would see the participation of various global investors

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Top stock exchange BSE has sought approval from capital markets regulator SEBI to launch Initial Public Offer, saying it is in compliance with all the regulatory requirements for the listing. BSE has been seeking to get listed for a long time and it had earlier filed an application with Sebi in this regard in 2013.

 
Financial inclusion and services company, FinoPaytech plans to grow its verification business. The company has plans with an ecommerce player to use Aadhaar numbers to verify customers in negative pin codes. Read more.. .
 

About CAMS:

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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 a service partner to leading insurance companies, banks, NBFC’s and alternate investment 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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