Ajoy K Das
Based in India, Ajoy is a financial and industrial journalist with three decades of experience with leading print media brands in the country and global news agencies like Reuters. Over the years, he has covered major Indian heavy manufacturing industries like mining and metals, energy, chemicals and petrochemicals, and financial markets with a focus on equities and regulation.
Articles by Ajoy K Das
Capital / Liquidity
RBI Directs UCBs to Discontinue “Dividend Equalisation Funds”
01/08/2024
UCBs have been accumulating profits from previous years in dedicated funds to use for future dividend payments.
Fintech / Regtech
RBI Issues New Anti-Fraud Rules for Non-bank Payment Systems
01/08/2024
The new master direction includes requirements to establish real-time fraud monitoring solutions and multi-factor authentication for all payment transactions.
Securities / Derivatives
RBI Revokes FPI Access to 14yr and 30yr Government Bonds
01/08/2024
The RBI is trying to boost liquidity in shorter-term government bonds by restricting foreign investors’ access to longer-dated bonds.
ESG / Sustainability
IFSCA Issues Framework for CRAs Providing ESG Ratings in GIFT City
31/07/2024
The framework comes on the heels of a decision by SEBI to permit CRAs and ESG rating providers to undertake rating activities in GIFT City.
Capital / Liquidity
RBI Issues Directions on Treatment of Wilful Defaulters
31/07/2024
The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.
Securities / Derivatives
SEBI Launches AI-enabled Chatbot to Address Investors’ Queries
31/07/2024
The chatbot can currently answer questions relating to the securities market, the latest master circulars, and the grievance redressal process.
Securities / Derivatives
NSE Launches Resource Dedicated to Passive Funds in India
31/07/2024
The platform makes it easier for retail investors to access information and understand passive funds like ETFs and index funds, NSE said.
Crypto / Digital Assets
India to Issue Policy Paper on Crypto ‘Before September’
30/07/2024
The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.
Enforcement
India, FBI Arrest 43 in Joint Operation Against Cybercrime Network
30/07/2024
The cyber-enabled financial crime network operated in multiple countries and is estimated to have defrauded people of over $20mn.
Capital / Liquidity
RBI Issues PCA Framework for Urban Cooperative Banks
29/07/2024
Like commercial banks and NBFCs, UCBs will be required to take certain actions if they breach risk thresholds relating to capital, asset quality, and profitability.
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