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.
In the wake of appropriate actions being taken against tax evasion to meet with FATCA requirements, Swiss National Bank reveals that money held by Indians in Swiss banks has dropped by nearly one-third.
SIPs move from ECS mandates to the newly implemented NACH mandates. The centralized, web-based clearing service designed to consolidate regional ECS systems into one national payment system appear to be in want of relief from technical hitches.
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