Weekly Roundup – September 3

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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.

 Addressing a gathering at Xavier University in Bhubaneshwar, chief economic adviser Arvind Subramanian said that if world economy picks up, India has a potential to reach double digit growth…

GSecs

In recent move, Reserve Bank of India expanded the market for banks’ stressed assets by permitting them to be sold to other lenders, including non-banking financial companies and financial institutions. This will……

RBI

In order to improve financial inclusion in the country, the Reserve Bank of India (RBI) is looking at exploring the possibility of introducing interest-free banking in the country. RBI……

income tax 2

 The Securities and Exchange Board of India (Sebi) may relax norms for firms eager to list on national bourses. At present, to be able to list on a national bourse…………….

sebi1

Mutual fund investors who haven’t completed the formalities of complying with FATCA or Foreign Account Tax Compliance Act can breathe easy as government has asked financial institutions to not close accounts which are not FATCA compliant for a while. A press release …………

MF1

In a recent move to curb misselling, IRDA proposes to ban insurance companies from giving incentives and junkets to bank staff for selling insurance policies. The regulator……..

rubber stamp with inscription INSURANCE

 

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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