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.
ICRA confirms that RBI plans no changes to be effected on rates in the upcoming review on monetary policy. Positive prospects for economic growth have rendered changes to rates unlikely, cite sources.
SEBI brings in array of changes to simplify listing norms for startups, allowing the entities to list on ‘High-tech Start-up & Other New Business Platform’, the discrete institutional trading platform for start-ups.
With reports predicting India’s digital payment market to reach 500 Billion USD by 2020, SEBI engages with RBI to draft guidelines to regulate e-wallet based transactions in Mutual Funds, in an effort to magnify access and participation in Mutual Fund Investments.
Subscription to mutual funds in India, from retail investors, hits the highest in the last six years, confirm recent Industry reports, indicating growing preference for equities as an investment option among investors in the country.
IRCTC all set to launch new travel insurance, to all classes of travel and all e-tickets, with the exception of sub-urban trains. Railway passengers may have the option to avail the IRCTC travel insurance covering upto INR 10 lakh at a Re.1 premium, from September 1st 2016 onwards.
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