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 Tightens Rules for Debit and Credit Card Issuers
11/03/2024
Card issuers are now required to put in place mechanisms to monitor the end use of funds for credit cards linked to business accounts.
Capital / Liquidity
AMFI Directs AMCs to Disclose Monthly Stress Test Results
10/03/2024
The disclosures are intended to enhance transparency and provide investors with more insight into the risk profiles of small and mid-cap mutual fund schemes.
India, Indonesia Agree to Use Local Currencies in Cross-border Transactions
08/03/2024
The agreement will promote the use of INR and IDR in all current account and permissible capital account transactions.
Fintech / Regtech
RBI to Require Card Issuers to Allow Customers to Choose Network
08/03/2024
The RBI found from a review that some arrangements between card networks and card issuers are “not conducive to the availability of choice for customers”.
Securities / Derivatives
India’s AMFI Relaxes Rule on Payments to Fund Distributors
07/03/2024
AMCs can pay trail commissions to new distributors after assets have been transferred from an old distributor by an investor, after 6 month cooling-off period.
Bangladesh Bank Establishes Committee to Vet Bank CEO Nominees
07/03/2024
Central bank to approve appointment of CEOs at banks only after receiving positive report from the committee Bangladesh Bank has […]
Enforcement
RBI Imposes Business Restrictions on IIFL Finance Limited
07/03/2024
IIFL Finance provided customers gold loans in excess of the statutory LTV limit, among several other supervisory concerns.
Enforcement
RBI Imposes Restrictions on Systemically Important NBFC
06/03/2024
The RBI said JM Financial Products “repeatedly” helped customers bid for IPO and NCD offerings using loaned funds, in violation of the regulations.
Capital / Liquidity
Bangladesh Bank Relaxes CRR Norms for Offshore Banking
05/03/2024
To facilitate foreign trade, offshore banking units will no longer be required to maintain a Cash Reserve Ratio with the central bank.
Fintech / Regtech
RBI Approves Establishment of New Online Payments Platform
04/03/2024
Bharat BillPay Limited will set up a platform that will enable payment aggregators to accept transactions from any bank without having to onboard each one separately.
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