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…
The value of goods that were traded across International border fell by 13.8 % in dollar terms. This is the first contraction since 2009 , according to Netherlands Bureau of Economy Policy Analysis’s World Trade Monitor .
To make use of unclaimed redemption and dividend amount , Securities and Exchange Board of India (Sebi) on Thursday relaxed mutual fund norms to allow asset management companies to invest this amount in separate liquid and money market schemes.
According to economic survey presented in Parliament, RBI could redeploy the capital at its disposal for recapitalising the Public Sector Banks. This may help in addressing economy’s critical short term challenge of public sector banks
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