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Dear Members
Indian
bourses tumbled last week on persistent concerns about the euro zone
sovereign debt situation, tougher financial regulations in some
developed markets & disappointing global economic data.
Sustained selling by foreign funds weighed on investor sentiments.
FIIs have sold shares worth a net Rs. 8,363 crs. so far this
month.
Some
of the key circulars released last week across BFSI segment
are:
1.
SEBI:
Setting up of a Stock exchange/ a trading platform by a recognized
stock exchange having nationwide trading terminals
for
SME
2.
IRDA:
New agency licensing portal clarifications / instructions across
Life Insurance, General Insurance & Reinsurance space
3.
RBI: 2010-0056-policy-capturing
mobile numbers with first digit as 6 or 7
Request
you all to access “Circular Corner” in RAIN website for all
circulars.
Nothing
much to report on RAIN front this week.
More
news in weeks to come……
With best regards
V.
Ganesh
Chairman – RAIN
www.rainnet.org
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