Weekly Roundup – August 27

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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.

Decisions on changes in US Fed rate to wait until December; Yellen’s comments indicate possibilities of a hike.

GSecs

Iran open to work together with OPEC and help recovery of the oil market, provided other member countries recognize its privileges to recover its lost market share.

OPEC HQ

Another prominent entity joins the fundraising surge in China as its Agricultural Bank prepares to sell Tier-II securities worth $12 Billion over a three years’ period in a bid to fortify its Capital buffers.

chinese yuan

RBI to pitch for liberalization that allows for liquidity without weakening of the bond market.

RBI

Commercial banks can now issue ‘Masala bonds’ in overseas markets to meet Infrastructure, housing and capital requirements.

RBI to mandate banks to set higher risk weights for loans issued to larger firms, from 2018.

MF1

B15 Mutual fund asset base found to have grown by 19% on a year-on-year basis, as on March 2016, according to data from SEBI. Progress ascribed to a combination of factors that include SEBI’s stance in promoting financial participation from beyond the top cities in India.

rubber stamp with inscription INSURANCE

Insurance industry records new business growth by 15%, setting the tone for expectations of higher profits.

IRDA raises bars for investment in Equity by commending for a dividend track record of 10% for the last two years in place of the previous prescription for 4%.

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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