Weekly Roundup – August 20

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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.

As Brexit shock passes, Britain economy will slow down but should not experience recession, according to economists at credit rating agency Moody’s.  The growth for rest of the world is also stabilizing.

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The ‘green fund’ proposal from The Road Transport and Highway ministry is rejected by Ministry of Finance. The ‘green fund’ proposal seeks to set aside 1% of project cost to provide green canopy along highways.

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Punjab National Bank and United Bank of India started a unique facility wherein an account holder can verify his income tax return on e-filing site even without having net banking.
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SEBI Chairman U K Sinha said efforts are under way to deepen the corporate bonds market and widen mutual funds penetration and strengthen the commodities market.

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According to Association of Mutual funds in India (AMFI), net inflows in debt MFS in July hit a 6 year –high at Rs. 43,913 crore.

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By bringing in uniform disclosure norms for both listed and unlisted companies, Insurance Regulatory and Development Authority of India (IRDA) is pushing for more transparency in the insurance segment.

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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 62% of assets of the industry across 16 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, NBFCs 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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