Weekly Roundup – September 10

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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.

G20 economies resolve to resuscitate the global economy, opening up possibilities for the setting up of new guidelines for global investment and a global body monitoring steel overproduction.

 

GSecs

EU seeks to establish better relations with Turkey, asserting sturdier trade ties and sustained support on issues concerning migration.

RBI

As a new governor takes over, RBI unveils proposal communicates its readiness to collaborate with the government to explore Islamic banking and the introduction of interest-free banking products.

Banks in India can now accept cash deposits over the counter from those who declare unaccounted assets under the Income Declaration Scheme (IDS).

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SEBI asks municipal corporations to adopt investor friendly accounting practices such as double entry format, to facilitate for better information interpretation.

SEBI hints towards further relaxation of regulations pertaining to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

Next set of reforms concerning Commodity Exchanges in India to see the light, as SEBI tries to bring comexes in line with equity markets in the country.

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Stock market witnesses investment inflows of over Rs 2,700 crore in Mutual Funds, reflective of favorable investor attitude.

insurance_irda

IRDA to urge insurance companies with a decade of service history into enlistment on stock exchanges.

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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