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
Payments & Settlements
RBI Opens Prepaid Payment Instrument Market for Public Transport
26/02/2024
Banks and non-banks can issue PPIs for use on public transport, with prepaid balances capped at INR 3000.
Structural Regulation
India Amends Rules to Strengthen Safeguards in NPS Ecosystem
26/02/2024
The PFRDA has amended its regulations to improve governance and risk management at trustee banks and central recordkeeping agencies.
Credit Risk
India Proposes Collateral Rules for Cross-border Reinsurance Transactions
24/02/2024
IRDAI said the proposed requirements would protect the interest of the policyholders and insurers as well as promote a healthy and robust insurance ecosystem.
KYC & CDD
India to Centralise FATCA, CRS Certifications at KYC Registration Agencies
21/02/2024
RFIs are directed to upload certifications under FATCA and CRS received from clients directly into the KRA system.
Trading & Investment
India to Develop GIFT City Currency Derivatives Market
20/02/2024
The IFSCA has established an advisory committee to study the introduction of a GIFT City market for exchange traded currency derivatives.
Payments & Settlements
RBI Directs Card Networks to Stop Facilitating Certain B2B Payments
19/02/2024
Card networks should not enable businesses to use fintech players as intermediaries to make card payments to non-card accepting recipients.
Structural Regulation
SEBI Proposes Registration Requirement for PMS Distributors
16/02/2024
The proposal is in line with the mutual fund industry where distributors are required to be registered with AMFI.
Payments & Settlements
India, Nepal Ink Pact to Integrate Fast Payments Systems
16/02/2024
The RBI has agreed to interlink the UPI with its counterpart in Nepal to enable instant and lower cost cross-border remittances.
Structural Regulation
Asset Managers Moving India Funds to GIFT City – Report
14/02/2024
Eight of the ten largest Indian asset managers have either relocated or are planning to relocate to GIFT City.
Fraud, Scams & Cybercrime
India Arrests Three in Raids Against Cybercrime Syndicate
14/02/2024
This is the first case where India’s Enforcement Directorate has used a complaint lodged overseas to register a PMLA case and seize proceeds of crime.
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