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
Capital / Liquidity
RBI’s Revised Norms on Fair Lending Practice Effective from April
19/01/2024
Starting April, lenders can impose reasonable penal charges only on the amount of loan under default in a non-discriminatory manner as per their board approved policy.
Market Infrastructure
Google Pay and India’s NIPL Ink Pact to Expand UPI Globally
18/01/2024
The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.
Capital / Liquidity
RBI Proposes Harmonised Regulatory Framework for HFCs and NBFCs
18/01/2024
The central bank proposes higher liquid assets for housing finance companies, smaller aggregate deposits, and permission to issue co-branded credit cards with banks.
Securities / Derivatives
India’s MCX Launches Country’s First Steel Rebar Futures Contract
17/01/2024
According the MCX circular, no premium or discount will be allowed based on grade, size or delivery centres.
Fintech / Regtech
RBI Issues Draft Norms for Fintech SROs
16/01/2024
Fintech SROs must strike a balance between facilitating innovation and implementing regulatory requirements that protect consumers and contain risks.
AML / KYC
SEBI Modifies Rules for Foreign Investments in AIFs
15/01/2024
SEBI updates threshold for determining beneficial ownership, extends mandatory custodian and dematerialisation requirements to reduce money laundering risks.
Securities / Derivatives
SEBI Proposes to Ease Fundraising Rules for Listed Companies
15/01/2024
SEBI proposes to allow certain public investors to contribute towards MPS without being classified as promoter
Market Infrastructure
GIFT City Regulator Directs IBUs to Improve Cross-border Payments
09/01/2024
IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.
Securities / Derivatives
SEBI Tightens Rules for Disclosing Short Selling Trades
07/01/2024
Institutional investors must disclose short selling transactions upfront. Individual investors must disclose the same at the end of each trading day.
AML / KYC
RBI Clarifies PEPs Definition in KYC Master Direction
06/01/2024
The updated definition clarifies that PEPs include a person who “is entrusted by a foreign country with a public function”.
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