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
Fintech / Regtech
RBI Fines Visa and Two Other Payment System Operators
29/07/2024
Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.
Securities / Derivatives
Most Individual Investors Lose Money on Intraday Trading: SEBI Study
26/07/2024
Over 70 percent of individual investors engaging in intraday stock trading experienced losses during 2022-23, SEBI found in a new study.
Capital / Liquidity
RBI Issues Draft Revisions to Liquidity Rules for Banks
26/07/2024
Banks will have to assign an additional run-off factor for retail deposits enabled with internet and mobile banking facilities.
AML / KYC
RBI Revises Framework for Domestic Money Transfer Services
25/07/2024
The revisions tighten KYC record keeping, AFA validation and transaction message requirements for domestic money transfers.
Securities / Derivatives
India Hikes Taxes on Equity Investment Gains, Derivatives Trades
25/07/2024
The national budget increases capital gains tax for equity investments and the transaction tax for futures and options. The tax on long term bond gains was reduced.
Fintech / Regtech
India Launches Digital Payments Wallet for Inbound Travellers
24/07/2024
The ‘UPI One World’ wallet is a prepaid payment instrument enabling visitors to India to make cashless payments across the country.
Fintech / Regtech
RBI Flags Concerns Over Digital Fraud, Outsourcing Risks
24/07/2024
RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.
Crypto / Digital Assets
Indian Crypto Exchange WazirX Suffers $230m Crypto Theft
22/07/2024
WazirX is offering a reward for help in recovering the stolen assets. Hackers affiliated with North Korea are believed to be responsible.
Securities / Derivatives
SEBI to Consult on Tighter Derivative Trading Rules Soon
20/07/2024
SEBI is expected to adopt a two-stage approach for imposing tighter restrictions on derivatives trading.
ESG / Sustainability
SEBI Permits ESG, Credit Rating Providers to Operate in GIFT City
20/07/2024
SEBI added the IFSCA to the list of regulators that can oversee the activities of ESG and credit rating providers.
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