Weekly Roundup – October 29

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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.

Bank

Signs of significant, sustainable economic recovery raises hope for EU; ECB to probe if it would last in the long run.

World Economic Forum confirms in a recent report that it the world should wait another 170 years to achieve absolute pay parity.

RBI

India’s Forex records solid rise by USD 1 Billion, as confirmed by RBI; the foreign exchange reserve stood at USD 367.14 billion, as on October 21, 2016.

RBI to scrutinize and fortify security measures in banks, to eliminate further occurrences of bank fraud and unauthorized access to confidential financial information.

In a move to curb fake money circulation, RBI issues alerts to public that commend verification of currency notes in their possession.

Start-up companies can now borrow upto 30 Lakh through External Commercial Borrowings, thanks to a new RBI decision.

sebi1

SEBI gives the nod to bourses to freeze accounts of listed firms that fail to comply with the penalty requirements as enacted by the stock exchanges.

MF

Simplified Know-Your-Customer process will render Mutual fund investor on-boarding process much less complicated and effective, say sources.

InsurancePolicy

IRDAI contemplates decision regarding grant of second level approval to foreign players set to enter the reinsurance space in India.

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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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