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.
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.
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.
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.
Simplified Know-Your-Customer process will render Mutual fund investor on-boarding process much less complicated and effective, say sources.
IRDAI contemplates decision regarding grant of second level approval to foreign players set to enter the reinsurance space in India.
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