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 Allows SFBs to Hedge with Interest Rate Derivatives
30/04/2024
Until now, small finance banks have only been permitted to use interest rate futures for hedging.
Capital / Liquidity
RBI Sets Guidelines for SFBs to Transition into Universal Banks
30/04/2024
Small finance banks can apply to transition into universal banks, subject to them meeting certain conditions.
Fintech / Regtech
RBI Issues Draft Guidelines for Loan Aggregation Services
29/04/2024
The RBI said borrowers may not know the identity of potential lenders when using loan aggregation services.
Securities / Derivatives
India Amends FX Rules to Facilitate Direct Listings in GIFT City
29/04/2024
The regulations make clear that firms raising funds through direct GIFT City listings can hold the proceeds in foreign currency accounts outside India.
AML / KYC
RBI Plans to Allow Banks Autonomy to Freeze Suspicious Accounts
29/04/2024
The RBI plans to allow banks to suspend suspicious accounts without having to wait for a police complaint to be registered.
Securities / Derivatives
Bangladesh Tightens Circuit Breaker Limit for Listed Stocks
27/04/2024
BSEC said the decision to tighten the circuit breaker’s lower limit was made in the interest of investors and securities market.
Capital / Liquidity
RBI Raises Net Owned Funds Requirement for ARCs
25/04/2024
Existing asset reconstruction companies will have until 31 March 2026 to meet the $36mn net owned funds requirement.
Securities / Derivatives
SEBI to Allow Cross-Margining for Futures with Different Expiries
25/04/2024
A spread margin of 40 percent will be applicable for offsetting positions in correlated indices with different expiry dates.
Enforcement
RBI Imposes Business Restrictions on Kotak Mahindra Bank
25/04/2024
The bank is prohibited from onboarding new customers and issuing fresh credit cards due to long-standing IT risk management deficiencies.
Enforcement
Indian NBFC Detects Vehicle Loan Fraud Worth $18m
25/04/2024
The fraud involved forgery of KYC documents related to retail vehicle loans, resulting in company funds being embezzled.
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