Weekly Roundup – October 1

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.

Asian Development Bank assessment finds Asian economic conditions stable despite turbulence in the global economy; attributes resilience to India and China.

GSecs

For the first time in India, Policy rates are to be set by the newly constituted six-member Monetary Policy Committee, led by the RBI Governor Mr. Patel.

RBI

RBI unveils framework to govern investments in startups abroad; exclusion from a caution list prepared by the Central bank to be one of the fundamental necessities.

SEBI all set to resolve disparities in balance between the three commodity stock exchanges in the country.The regulatory body also plans to revisit and modify existing warehousing practices.

sebi1

Now Mutual fund houses, Banks and Insurance bodies will be allowed to participate in Commodities market, according to a recent announcement by SEBI.

MF

SEBI urges AMFI to expand distribution channels to support operations of the Mutual fund industry that is witnessing a robust phase of growth.

InsurancePolicy

Overwhelming response received for Rail Insurance Scheme, with nearly 1 Crore passengers opting for the plan.

About CAMS:CAMS Logo High Resolution

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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