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
Enforcement
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.
Securities / Derivatives
SEBI Bars TV Guests, Analysts from Securities Market
13/02/2024
11 individuals and 4 entities made unlawful gains of $900,000 from trading in stock they were recommending in TV broadcasts.
Securities / Derivatives
RBI Allows Banks at GIFT City to Trade on Bullion Exchange
13/02/2024
Branches of domestic banks in GIFT City can be trading members of IIBX but not for proprietary trades.
Securities / Derivatives
India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending
13/02/2024
Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.
Fintech / Regtech
India Launches UPI Services in Sri Lanka and Mauritius
13/02/2024
Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.
RBI Increases Cap on Remuneration of Bank Executives
13/02/2024
The higher cap applies to all private sector banks, including small finance banks, payment banks, and wholly-owned subsidiaries of foreign banks.
Crypto / Digital Assets
RBI to Enable CBDC Programmability, Offline Functionality
10/02/2024
RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.
Fintech / Regtech
India: Industry Body to Publish Whitelist of Digital Lenders
09/02/2024
The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.
Market Infrastructure
India: AMNI Agrees to Extend Trading Hours for Index Futures
09/02/2024
The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.
Securities / Derivatives
SEBI to Adjust Timelines for FPIs to Disclose Material Changes
09/02/2024
Material changes will be categorised into two groups, with different reporting timelines. New framework also proposed for dealing with securities after FPI registration expires.
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