Weekly Roundup – July 16

weekly-roundup-fallout-free-edition-660x330

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.

Mutual Funds

Net outflow from Mutual funds cross 21 Crores in June 2016, bringing down asset base of Fund houses in India by 878 Crores.

RBI

Issue prices fixed by RBI for gold bonds to be issued in August. RBI also finalizes the Minimum investment limit allowed per person for a given financial year, under the Sovereign Gold Bond scheme.

Lenders in India to be badly affected if Basel Committee on Banking Supervision is considering a raise in capital requirements on sovereign bonds. RBI looks at ways to tackle the situation.

SEBI

Top 500 listed businesses in the country to have a defined “dividend distribution policy” as mandated by SEBI. The policy will specify all parameters that are factored into pronouncing the dividend.

PSU disinvestment

Centre approves divesting of stake in PSU with market capitalization worth Rs.14,274 crore. A minimum of 15% divestment is required for the company to be listed in public, in compliance with SEBI regulations.

Large companies announce buybacks

Share repurchases reaches all-time high, with several large organizations pronouncing buybacks, including three state-owned companies. Indian companies are beginning to consider buybacks as a way of returning cash to shareholders.

Foreign Investment in Indian Roadways from China

One of the world’s largest companies rooted in China proposes contract for constructing highways in India. This could be the largest foreign investment in the Indian Roadway Sector

Brexit impact on Eastern Europe

Lithuania, Latvia, Hungary and Poland to be worst hit by Brexit, weighed down by affected migrant populaces, settlements, trade relations and economics, that were tied up to the UK.

About CAMS:

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

Advertisements

Published by

Sudarshan Ranganthan

Breaths Investments, Suggests Wealth Creation Ideas, Lives on Law Of Attraction

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s