Weekly Roundup – July 9

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CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

Brexit impact on Banks: Less lending could be the by-product of increasing difficulty for banks in raising Capital.

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Macro-economic developments and Constitution of Monetary Policy Committee (MPC) among key points discussed at The Central Board of RBI meeting held at Bengaluru after seven years. Activities pertaining to the Board for Payment and Settlement System for the previous financial year was also reviewed at the meeting chaired by Raghuram Rajan.

RBI

Centre asks NITI Aayog to classify Central Public Sector enterprises (CPSEs) for strategic disinvestment. Sick firms that are beyond revival might be shut down, in the coming six months.

GSecs

More investments are flowing into India, given its relatively steady markets in periods of volatility.

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SEBI to work on improving algorithmic trading regulations. With Risk management and Level playing field as main considerations, the regulator is looking at options such as Two queues system, speed breakers and periodic call auction, among others.

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SEBI proposes mandatory disclosure in the valuation report of the newly introduced Infrastructure Investment Trusts (InvITs), in addition to submission of historical valuations of assets of the past three financial years.

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A CRISIL study confirms that, the average AUM of Indian mutual funds has risen to a new high. AMFI numbers confirm alog in of AAUM worth Rs 13.53 lakh crores during the March quarter.

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Thanks to rise in Capital Market, the Employees Provident Fund Organisation (EPFO) earns 7.45 per cent earnings from its equity investments since August 2015. Central Board of Trustees might hold a special meeting this July to deliberate upon increasing equity investments.

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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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