Weekly Roundup – June 25

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.

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Economists see Brexit as a mixed bag, from the Indian perspective. Merchandise, services predicted exports to take the hit, while drop in oil prices comes up as a solace.

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RBI chief affirms that India is ready to provide liquidity in the market. Adequate US dollar and rupee liquidity has been made available to aid smooth functioning of the market, in the wake of Brexit.

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With increased risk element and expected slowdown in global growth, the Brexit impact adds to pressures on the Rupee. Auto and IT industry top the list expected to be hit by Brexit.

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Traders in commodity futures to find opportunities with trade options in gold, silver, soya bean and guar seed on SEBI’s approval in the next few months. CDAC to recommend SEBI on the same.

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Indian Mutual fund sector remains steady despite the reverberating Brexit impact on the global market. A substantial rise in transactions signalled calm among investors.

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Blockchain technology, of the bitcoin concept could render flexibility to financial transactions and cut down use of paper currency. RBI, IDRBT and industry experts are set to explore and review possibilities of Blockchain deployment.

 

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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