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 revises record date for interim dividend
 ( Market Beat - Reports 04-Nov-22   14:07 )
  Computer Age Management Services consolidated net profit rises 21.12% in the December 2023 quarter
 ( Results - Announcements 06-Feb-24   14:16 )
  CAMS fixes record date for interim dividend
 ( Market Beat - Reports 06-Feb-24   15:42 )
  Computer Age Management Services fixes record date for interim dividend
 ( Market Beat - Reports 04-Aug-23   16:10 )
  Volumes jump at Sterlite Technologies Ltd counter
 ( Hot Pursuit - 03-Jul-23   11:00 )
  CAMS Q1 PAT jumps 41% YoY to Rs 108 cr
 ( Hot Pursuit - 05-Aug-24   11:52 )
  Board of Computer Age Management Services recommends interim dividend
 ( Corporate News - 08-Nov-23   16:47 )
  Mahanagar Gas, CAMS, Neogen Chemicals in spotlight
 ( Market Commentary - Stock Alert 06-Mar-23   08:38 )
  CAMS to acquire majority stake in Think Analytics India
 ( Corporate News - 06-Mar-23   10:31 )
  CAMS gets RBI nod to operate as payment aggregator
 ( Hot Pursuit - 15-Feb-23   11:49 )
  Computer Age Management Services consolidated net profit rises 2.44% in the June 2022 quarter
 ( Results - Announcements 05-Aug-22   15:45 )
Other Stories
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
Back Top