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
Securities / Derivatives
RBI Issues Draft Framework for Electronic Trading Platforms
02/05/2024
ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.
Fintech / Regtech
RBI Removes Ban on Lending Products by Bajaj Finance
02/05/2024
The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.
Crypto / Digital Assets
India Collaborates with US FBI on Crypto Scam Case
01/05/2024
The joint operation uncovered a $360mn scam involving drug trafficking, crypto payments and the dark web.
RBI Directs Lenders to Repay Customers for “Excess” Interest
01/05/2024
Lenders are directed to refund excess interest, review existing practices, and make system level changes to prevent unfair interest charges.
Securities / Derivatives
SEBI Enables AIFs to Better Support Infrastructure Projects
01/05/2024
AIFs are now allowed to pledge equity shares of investee companies in the infrastructure sector to enable them to obtain project finance.
Securities / Derivatives
SEBI Approves Stricter Rules to Target Front-running in AMCs
01/05/2024
AMCs must establish a “structured” institutional mechanism to identify and monitor for front running, insider trading, and misuse of sensitive information.
Enforcement
India: ICAI Passes Order Against EY Affiliates and Former Boss
01/05/2024
EY’s India affiliates have been using global network branding and paying referral fees to global network firms, which is prohibited.
AML / KYC
India: AMFI in Talks with SEBI to Resolve Mutual Fund KYC Logjam
01/05/2024
New KYC validation process is preventing mutual fund investors from undertaking new mutual fund transactions, including redemptions.
Fintech / Regtech
ICICI Bank Expresses Regret for Exposing Credit Card Data
30/04/2024
A glitch caused 17,000 credit cards to be erroneously mapped to the wrong users, who were able to see all the card details in the bank’s mobile app.
Securities / Derivatives
SEBI Directs BSE to Remediate Erroneous Fee Calculations
30/04/2024
BSE has to pay almost $20mn for to make up for years of incorrect calculations of its annual options trading turnover.
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