Weekly Roundup – January 7

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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.

Bank

Encouraging turn of events in terms of unemployment and inflation have the Federal Reserve officials record with strong confidence that the U.S. economy is progressing towards the goals as set by the central bank.

gst

Central government stays keen on implementing GST , the country’s biggest tax reform in decades, between April 1 and September 16, 2017.

RBI

RBI extends deadline to end of June 2017, for exchange of old Rs. 500 and Rs. 1000 notes at its offices around the country by NRIs.

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SEBI seeks to ease entry procedure for domestic institutional investors including insurers and pension funds.

Market regulator declares that registered FPIs seeking operate in the IFSC domain can now get to work without the burden of additional documentation.

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Mutual funds reach all time high, since December 2009; total corpus amount touches Rs. 17 trillion.

rubber stamp with inscription INSURANCE

Indian insurance market expected to grow manifold in size, with at least six global reinsurers set to open operations in the country.

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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 15 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 www.camsonline.com

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