Weekly Roundup – December 10

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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.

OPEC HQ

OPEC and non-OPEC members are expected to arrive at a mutually agreeable consensus with respect to oil output cut, at the first of joint meetings to be held since 2001.

ECB cuts down on its asset buys in the wake of prevalent uncertainties and status of inflation. On the other hand, bond buying is projected to extend until the end of 2017.

RBI
The Chief Ministers’ Committee on Digital Payment Systems convene with the heads of banks and RBI officials to discuss strategies to transform the nation into a cashless economy.

RBI chooses to keep existing policy rates unchanged. In an act of balance, the central bank also establishes the removal of temporary CRR that was planned to take effect in December.

sebi1

In a progressive move, SEBI and AMFI come together to evaluate the possibilities of investing in mutual funds through e-wallets.

MF1

Market regulator SEBI is on the road to make way for instant redemption of liquid mutual funds; regulations pertaining to the same are expected to be rolled out in April 2017.

rubber stamp with inscription INSURANCE
rubber stamp with inscription INSURANCE

Insurance (general) in India is expected to expand by 4 times the prevailing rate of growth, over the next decade, say experts.

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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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