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.
IMF predicts subdued global growth, attributes major development prospects to emerging economies. The international organization identifies India as a bright spot of growth for the coming year.
India’s GST to usher in higher growth prospects for the country, says IMF. According to IMF experts, the new reform would act as a catalyst to business investments from abroad.
Speaking at the India Economic Summit, Indian Minister of Commerce and Industry, Ms. Nirmala Sitharaman says it is possible for the country’s economy to achieve growth by 8%, provided it is aided by an industrious use of technology and deployment of transparency in the conduct of business.
In a significant move, the MPC and RBI lower Repo rate by 25 bps; scope to achieve 5% inflation by end of the current financial year, cited to be one of the reasons for the rate cut.
In a bid to drive financial inclusion further, India’s Central Bank unveils set of operating guidelines to be adhered by Payments and Small Finance Banks.
Banks asked to furnish financial statements by end of November, according to a recent RBI announcement.
SEBI proposes measures for stringent regulations to govern Investment Advice mechanisms.
SEBI to undergo systematic audit to assess performance; proposes to include woman member on its board.
Mutual fund investments reach a record high of Rs.13500 Crores in equity markets, this September.
IRDAI mandates most insurance policies to be issued in digitized, electronic form, from October, 2016.
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