Weekly Roundup – May 21

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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…

Minister of State for Finance Jayant Sinha met mutual fund players. Minister had an exchange of views on issues like regulation, bankruptcy law, Fiscal Responsibility and Budget Management (FRBM) Act.

bills

Updates from the central bank: New set of designs for Currency notes are recommended to the Government, central board of the apex bank also took stock of the macro-economic situation.

RBI

Reserve Bank of India (RBI) eased norms around foreign direct investment (FDI) in credit information companies (CICs) in India. The central bank is likely to allow higher FDI limits for entities which have an established track record in running a credit information bureau.

GSecs

Capital market regulator SEBI cleared a proposal directing top 500 listed companies to have ‘dividend distribution policy’. There were concerns that firms were reluctant to share extra profits with investors.

sebi1

SEBI takes prompt steps with proposals for relaxed InvIT rules to attract investors with Infrastructure Investment Trusts (InvITs). The mandatory sponsor holding is likely to reduce to 10 per cent.

 

Demand for gold is scaling up in global markets as the investors are coming back to gold. Gold    ETFs globally saw an increase of 26 tonnes in the Q1 of FY16 comparing to same period last year.

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Another positive mark in the market! Nearly 100 % increase in New Foreign Portfolio Investors (FPIs) registered with SEBI in 2015-16 comparing to last year as per the latest data from Securities and Exchange Board of India (SEBI).

stocks

Life insurers resist the Insurance Regulatory and Development Authority (IRDA) compulsory listing suggestion. IRDA proposed the compulsory listing in a move to improve corporate governance.

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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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