Weekly Roundup – November 26

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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.

With strong signs that are affirmative of a surging US economy, it is highly likely that Federal Reserve may go in for a hike in rates this December.

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‘Make In India’ reports spanning developments in the textiles, automobiles and telecom sectors released. The report covers impact of 100% FDI and other reforms on the growth of the three sectors as mentioned above.

Committee led by CEO of Niti Aayog set with the task of identifying digital payment modes to be instituted across various sectors as the nation veers towards cashless economy.

Income Tax Department sends out missives to banks and post offices to gather details of high-value deposits, such as PAN and other key details pertaining to such deposits.

RBI

In a bid to ease liquidity operations in the wake of demonetisation, RBI sanctions GoI issued oil bonds the status of a valid collateral.

SEBI ushers in a fresh wave of hope for start-ups, via liberalisation of regulations governing angel-investments.

MF

Reports confirm 200% growth in the number of SIPs held in the country in the last 31 months. The robust rise has been attributed to increasing investor awareness and emphasized focus on regions beyond T15 cities.

Mutual Fund industry predicted to touch Rs 1 trillion worth of assets in the aftermath of demonetisation.

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Andhra Pradesh is all set to be the first state in the country to institutionalise and issue family insurance scheme. WHO and Bill Gates Foundation and other reputed health organizations have been quoted as institutions that support the state-run initiative.

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 http://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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