Weekly Roundup – October 8

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.

stocks

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.

GSecs

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.

RBI

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.

sebi1

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.

MF1

Mutual fund investments reach a record high of Rs.13500 Crores in equity markets, this September.

e-Insurance

IRDAI mandates most insurance policies to be issued in digitized, electronic form, from October, 2016.

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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Published by

Sudarshan Ranganthan

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

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