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.

About CAMS:

CAMS Logo High Resolution

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

Weekend Roundup – December 24

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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.

Mutual Fund SIP

Revised estimates indicate US economy had grown by a substantial 3.5% in the third quarter of the current fiscal year.

For the fourth consecutive time in the last few weeks, Indian government bonds record gain.

gst

Considerable progress made at the GST council meeting held on December 22, 2016, in structuring the draft based on which the laws pertaining are to be drawn.

RBI

Central bank in possession of sufficient currency reserves to last until end of year, affirms Finance Minister, Mr. Arun Jaitley.

RBI sets up the seventeenth banking Ombudsman centre in the country. Uttarakhand and seven districts of western Uttar Pradesh to fall under the jurisdiction of the new centre.

sebi1
SEBI reinstates its inclination to go green by ushering in policy for electronic issuance of debt security papers. 

Investment advisors entitled to charge fees subject to ceiling as indicated by board, but shall not charge it as a variable pay, clarifies market regulator SEBI.

MF

Mutual fund folios reach 44 lakh mark in the eight months spanning April to November 2016, with considerable amount of inflow coming from B15 regions of the country.

insurance_irda

IRDAI  report points at a steady comeback and growth for the Indian insurance industry as measured in 2015-16, after several years of declining sales.

About CAMS:

CAMS Logo High Resolution

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

Weekly Roundup – December 17

weekly-roundup-fallout-free-edition-660x330

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.

Mutual Fund SIP


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.

chinese yuan

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.

niti-aayog

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.

RBI

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.

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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.

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Mutual funds industry in India is going through a notable phase of growth, with a robust inflow of Rs 36,000 crore in November.

insurance_irda

The Indian Insurance industry has recorded notable growth in year 2016, thanks to the involvement of the Central Government.

About CAMS:

CAMS Logo High Resolution

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