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.
Falling in line with the anticipation of market experts around the world, the Federal Reserve hikes interest rates. The hike seeks to address concerns pertaining to the prevalent labor market and inflation conditions.
China opts for a no-frills, balanced monetary policy for the year to come. Accordingly, the People’s Bank of China has implemented selective tightening of interest rates.
In a move to promote and boost cashless, digital payments in the country, Niti Aayog launches ‘Lucky Grahak Yojna’ and ‘Digi Dhan Yojna’ for consumers and merchants.
No charges to be levied on consumers for cashless transactions via USSD, IMPS or UPI upto Rs 1,000, as per recent sanctions as motioned by RBI.
SEBI sources confirm registration of over 1700 fresh FPIs in the April-October quarter of the current financial year, accounting for an inflow of around Rs 2800 crore in equities alone.
Mutual funds industry in India is going through a notable phase of growth, with a robust inflow of Rs 36,000 crore in November.
The Indian Insurance industry has recorded notable growth in year 2016, thanks to the involvement of the Central Government.
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