Weekly Roundup – October 15

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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.

USA, China and nearly 200 other nations enter agreement on Climate Change, to halt Greenhouse emissions. Another set of countries including India and Iraq pledge to completely eradicate use of hydrofluorocarbons by 2024 or 2018.

GSecs

National leaders of Brazil, Russia, India, China and South Africa convene at Goa for BRICS summit 2016, to discuss and boost trade relations and economic growth.

RBI seeks to ease pressure on Rupee by redeeming reserves of Foreign currency non-resident bank deposits.

RBI

Now banks can borrow government securities from RBI as LAF and declare it under SLR category.

Sharp decrease in food inflation paves way for significant drop in retail inflation – the lowest ever in the last 13 months.

Bullion to be extensively deployed as a collateral, as SEBI eases rules with regard to the same, in response to representations from market players.

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SEBI to necessitate disclosure of payment and compensation arrangements between CRAs and rated bodies, to ensure transparency with respect to the rating mechanism and increase investor awareness regarding the same.

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Mutual funds inflows into equity schemes reach a new high of INR 3700 Crore in September, marking six months of assertive inflow since March.

rubber stamp with inscription INSURANCE

IRDAI to decide on provision of R2 license to global re-insurance players and freeze the commission structure in a meeting to be held on October 24, 2016.

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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