Hot Pursuit     15-Feb-23
CAMS gets RBI nod to operate as payment aggregator
Computer Age Management Services (CAMS) said that it has received in-principle approval from Reserve Bank of India to operate as a payment aggregator.
As a specialized payment aggregator to the BFSI segment, the company has been offering personalized payment options to meet different use cases for mutual fund investors and insurance policyholders for over a decade.

Computer Age Management Services is India's largest mutual fund transfer agency serving over 69% of assets of the Indian mutual fund industry. As an integral part of the India's financial infrastructure, CAMS has built a reputation as the leading transfer agency to the asset management industry of India and technology enabled service solutions partner to private equity funds, banks and non-banking finance companies.

The company's consolidated net profit fell 4.6% to Rs 73.72 crore despite of 2.5% rise in net sales to Rs 243.57 crore in Q3 FY23 over Q3 FY22.

The scrip rose 0.75% to Rs 2,282.50 on the BSE.

Previous News
  Computer Age Management Services consolidated net profit rises 38.72% in the March 2024 quarter
 ( Results - Announcements 09-May-24   14:58 )
  Computer Age Management Services to hold AGM
 ( Corporate News - 09-May-24   14:49 )
  Board of Computer Age Management Services appoints Chief Information Security Officer
 ( Corporate News - 09-May-24   15:21 )
  Board of Computer Age Management Services recommends final dividend
 ( Corporate News - 09-May-24   14:49 )
  CAMS fixes record date for dividend
 ( Market Beat - Reports 09-May-24   15:18 )
  Board of Computer Age Management Services recommends interim dividend
 ( Corporate News - 08-Nov-23   16:47 )
  Computer Age Management Services to declare Quarterly Result
 ( Corporate News - 10-Oct-23   10:16 )
  CAMSRep launches insurance portfolio management platform - Bima Central
 ( Corporate News - 13-Jun-24   14:28 )
  Computer Age Management Services schedules board meeting
 ( Corporate News - 04-Oct-22   10:57 )
  CAMS soars as subsidiary takes center stage in India's digital insurance push
 ( Hot Pursuit - 02-Apr-24   15:12 )
  Computer Age Management Services standalone net profit rises 35.49% in the March 2024 quarter
 ( Results - Announcements 09-May-24   14:41 )
Other Stories
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
  05-Jul-24   14:52
  Manugraph India Ltd leads losers in 'B' group
  05-Jul-24   14:45
  NSE SME Nephro Care India rallies on listing day
  05-Jul-24   14:45
  ESAF SFB total deposits jumps 33% YoY in Q1
  05-Jul-24   14:43
  Utkarsh SFB deposits climb 30% YoY in Q1 FY25
  05-Jul-24   14:35
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
Back Top