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 Reserve Bank of India has revised rules pertaining to revival of advances to small businesses. RBI asked lenders to form district-level committees to resolve stressed loans to micro, small and medium enterprises (MSMEs).
Introduction of the Goods and Services Tax (GST ) will integrate India as “ truly one single economy” says Asian Development Bank (ADB) president Takehiko Nakao. It will help attract more foreign investments.
In the first six months of 2016-17, the centre will borrow from the bond markets Rs.3.55 trillion, or 59% of its total borrowings for the fiscal year, Shaktikanta Das, economic affairs secretary in the finance ministry said.
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