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
India: Panel Proposes Measures to Make GIFT City a Global Finance Hub
01/04/2024
Government-appointed experts’ committee says clearer criteria should be provided to those wishing to set up a financial services company in GIFT City.
Securities / Derivatives
Bangladesh Extends Deadline for Higher Provisions on Unrealised Losses
01/04/2024
The extension was granted in response to fears that provisioning requirements based on the International Accounting Standards could lead to forced selling in the market.
Securities / Derivatives
RBI Clarifies Norms for Investment in AIFs by Banks, NBFCs
29/03/2024
The RBI said the provisioning requirement only applies to the amount invested in debtor companies and not the entire AIF investment.
Securities / Derivatives
SEBI Suspects Mis-selling of Mutual Fund Products
27/03/2024
SEBI is assessing whether AMCs sold long-duration and small cap funds to senior citizens without them properly understanding the risks.
Securities / Derivatives
SEBI Directs AMCs to Stop Channelling Funds into Overseas ETFs
26/03/2024
AMCs have to stop accepting money from investors to invest in overseas ETFs as an existing $1bn investment limit is close to being breached.
Fintech / Regtech
India to Begin Work on Interoperable Online Banking Payments
26/03/2024
NBBL, large banks and fintechs in talks to start work on the new platform next month.
Market Infrastructure
RBI Finalises New Framework for SROs of Regulated Entities
26/03/2024
The RBI will start receiving applications from entities seeking to gain recognition as self-regulatory organisations for each regulated entity sector.
Enforcement
RBI to Conduct Audits of IIFL Finance, JM Financial Products
25/03/2024
The RBI is looking to conduct special audits of IIFL Finance and JM Financial Products, which were both hit with business restrictions earlier this month.
AML / KYC
Crypto Firm OKX to Cease Services in India, Citing Regulations
25/03/2024
OKX said it will cease operations in the country due to “local regulations directed at offshore exchanges that make CeFi trading available in India”.
Securities / Derivatives
SEBI to Launch “Beta” Version of T+0 Settlement System on 28 March
22/03/2024
The new optional same-day settlement cycle for equities will be tested with a “limited set of 25 scrips” and a “limited number of brokers”.
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