Weekly Roundup – March 12

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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…

With growing concern over global economy with financial markets and low commodity prices , IMF has asked for collaborative action.

stocks

After credit agencies downgrading the Indian market, global investors are increasingly getting disillusioned with Indian economy. There are concerns over India’s slower than expected reform process.

 

The Securities & Exchange Board of India (Sebi) is planning to place restrictions on debt mutual funds from investing in companies which have been notified as wilful defaulters.

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With Inflation cooling down , RBI might go for rate cut. Reuters poll found that the food prices rose more slowly In February.

 RBI

The industry has hailed existing proposal of providing tax benefit on 40% of withdrawal amount at the maturity of National Pension scheme (NPS)

 

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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