Weekly roundup – Oct 22

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.

Demand for Gold in Asia effect first weekly gain; However much remains to be decided based on the U.S. Interest rate hike.

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At the India-US Trade Policy Forum, US asks India to relax regulations pertaining to sourcing; India pitches for higher percentage of export for agricultural produces.

Bank

With the GST to take effect next year, here’s a short round up on what’s affordable and what’s not.

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The Central Bank of India, in a significant move has consented for 100% Foreign Direct Investment in regulated Financial Services.

RBI

Investment advisors in the coming days to be allowed to utilise Stock Exchange infrastructure for buying and selling Mutual fund units, as announced by SEBI.

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e-Insurance to render considerable level of ease to multi-step procedures and make payment and claims.

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About CAMS:

CAMS Logo High ResolutionComputer 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 www.camsonline.com

 

 

 

 

 

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Weekly Roundup – October 1

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.

Asian Development Bank assessment finds Asian economic conditions stable despite turbulence in the global economy; attributes resilience to India and China.

GSecs

For the first time in India, Policy rates are to be set by the newly constituted six-member Monetary Policy Committee, led by the RBI Governor Mr. Patel.

RBI

RBI unveils framework to govern investments in startups abroad; exclusion from a caution list prepared by the Central bank to be one of the fundamental necessities.

SEBI all set to resolve disparities in balance between the three commodity stock exchanges in the country.The regulatory body also plans to revisit and modify existing warehousing practices.

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Now Mutual fund houses, Banks and Insurance bodies will be allowed to participate in Commodities market, according to a recent announcement by SEBI.

MF

SEBI urges AMFI to expand distribution channels to support operations of the Mutual fund industry that is witnessing a robust phase of growth.

InsurancePolicy

Overwhelming response received for Rail Insurance Scheme, with nearly 1 Crore passengers opting for the plan.

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 www.camsonline.com