Weekly Roundup – December 3

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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.

OECD takes an optimistic stance with respect to the US economy; the organization affirms that a thriving US economy would also accelerate growth at a global level.

Mutual Fund SIP

Experts at Goldman Sachs stand by their opinion that rise in oil prices would trigger better growth prospects for the world economy.

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Hon’ble Finance Minister of India stays positive about launching GST on schedule; also affirms that cash crunch is expected to settle down by end of 2016.

RBI

RBI revises the ceiling of market stabilization scheme bonds to INR 6 Trillion, corresponding to rising liquidity in the country’s banking sector.

Central Ministry confirms that India’s Central Bank is all set to specify limits pertaining to cash withdrawals from banks and ATMs.

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SEBI decrees stock exchanges to provide services for direct connectivity to mediate co-location facility of bourses. A quarterly report of compliance needs to be submitted by each exchange to SEBI with respect to the same.

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SEBI in conjunction with IOSCO might soon open up facilities for selling Indian Mutual funds in the rest of Asia.

irdai

IRDAI authorizes insurers to join the Joint Lender’s Forum (JLF); governed by guidelines decreed by the RBI, JLF address issues pertaining to stressed accounts.

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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