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.
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.
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.
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).
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