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
India: Five PSBs Required to Dilute Government Stake by August
15/03/2024
Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.
Enforcement
RBI Seeks Information from Banks on Gold Loan Frauds
15/03/2024
RBI asked banks to review their gold lending processes after some banks were found to have manipulated the system to meet gold loan targets.
Securities / Derivatives
SEBI Flags Manipulation, Bubble Risks in SME Segment
15/03/2024
SEBI is working to introduce more disclosures for SME listings and seeking stress test results from fund managers in the segment.
Capital / Liquidity
Bangladesh Introduces Strict Measures Targeting Wilful Defaulters
14/03/2024
Wilful defaulters will not be allowed to travel, secure trade licences, register companies, or serve as a director of any financial institution.
Securities / Derivatives
New Regulatory Framework for Index Providers Takes Effect in India
14/03/2024
Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.
Securities / Derivatives
SEBI to Require More Stock Brokers to Meet Enhanced Obligations
14/03/2024
SEBI is expanding the ‘Qualified Stock Brokers’ framework introduced last year to capture more brokers under “enhanced obligations”.
Bangladesh Bank Sets Rules for Independent Directors of NBFIs
13/03/2024
The central bank has set a maximum monthly salary limit and laid down minimum qualifications in terms of age, education, and professional experience.
Capital / Liquidity
Bangladesh to Force At Least 10 Weak Banks into Mergers
12/03/2024
Banks are asked to choose which banks they would prefer to merge with and make preparations accordingly.
Securities / Derivatives
SEBI Issues New Rules for Small and Medium REITs
12/03/2024
SM REITs schemes may raise funds from Indian as well as foreign investors and use them to acquire and manage real estate assets.
Securities / Derivatives
SEBI Bars JM Financial from Acting as Lead Manager
12/03/2024
SEBI said JM Financial engaged in practices which have a “detrimental effect” on the orderly functioning of the market.
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