Weekly Roundup – February 6

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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…

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The Bank of Japan introduced a negative interest rate to help it fight its long battle against deflation. The Japanese central bank is hoping that the negative rate will help it attain the 2% inflation target.

The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, strategists have warned.

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Mahindra Finance today announced that its wholly owned subsidiary, Mahindra Asset Management Company Private Limited, has received a license to manage the Mahindra Mutual Fund.

Equity MF managers steeped up buying despite a sharp correction in the markets. Fund managers pump in Rs 7,000 crore in January – highest in past four months.

Professional forecasters expect real Gross Value Added at basic price (GVA) to increase to 7.8% in the next fiscal from 7.4% expected in 2015-16, says a RBI survey released on Friday.

 

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Premiums for general insurance products under natural catastrophe segment could see a rise in premiums with an increase in the number of incidents in this segment — from floods and earthquakes — that hit parts of India in the past two years. 

 

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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