Weekly Roundup – September 24

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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.

India and EU to sign Broad Based Trade and Investment Agreement (BTIA) for free trade of pharma exports

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China and Kazakhstan come together to build a joint free trade zone centred at Horgos, as a part of the China-Mongolia-Russia economic corridor.

A recent UN study reveals that Tanzania’s economy could receive a shot in the arm in the event of deploying digital payments

RBI

Indian Government nominates members to the Monetary Policy Committee that would henceforth decide and set up policy rates.

Issue date for the much anticipated Sovereign Gold Bond has been postponed to September 30, 2016, confirms RBI.

India’s special drawing rights with the IMF has plunged by USD 2.3 million, while forex reserves has dipped by ~USD 1.7 billion, reveals RBI data.

sebi1

SEBI to permit foreign portfolio investors (FPIs) for direct trading in corporate bonds; More regulations eased in favour of foreign investors including Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs).

MF1

Over INR 11,600 Crore worth of investments flow into equities from mutual funds, thanks to robust input from retail investors.

e-Insurance

Electronic insurance expected to render convenience to policyholders by facilitating higher degree of interaction and accessibility to insurers.

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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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Sudarshan Ranganthan

Breaths Investments, Suggests Wealth Creation Ideas, Lives on Law Of Attraction

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