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…
According to the research firm Dun & Bradstreet report, reform announcements are gaining momentum and growth prospects remain positive despite the fact that the Indian economy is at a crucial juncture amid an investment lull and weak exports.
Reserve Bank of India eased the rules on liquidity measurement and risk management. Those banks which are under acute stress in terms of sticky assets will now have it a bit easy on managing LCR rules.
In order to improve operation of rating agencies ,SEBI may soon release guidelines for credit rating agencies .The Securities & Exchange Board of India (Sebi) has sent its suggestions to improve their operations and sought their observations on the same .
Government has relaxed FDI norms for insurance sector to attract more foreign investment. The new FDI norms permits the overseas companies to buy 49 per cent stake in domestic insurers without approval.
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