Ajoy K Das

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    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

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    Securities / Derivatives

    RBI Consolidates Norms for Currency Derivatives

    06/01/2024

    Retail users can be classified as non-retail if an authorised dealer is satisfied that they have the requisite risk management capabilities.

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    Capital / Liquidity

    RBI Proposes to Tighten Dividend Payout Norms for Banks

    04/01/2024

    For a bank to distribute dividends, its net NPA ratio must be below 6%, with the maximum payout ratio capped at 50%.

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    Fintech / Regtech

    RBI Offers 10-Point Checklist for AI Deployment in Banking

    04/01/2024

    M Rajeshwar Rao said the banking sector needs to address concerns over the fairness, transparency and governance or AI models.

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    Securities / Derivatives

    RBI Issues Draft Directions on Bonds Forwards in G-Secs

    03/01/2024

    Resident and non-residents who are eligible to invest in government securities will also be eligible to undertake bond forward transactions.

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    Securities / Derivatives

    RBI Issues New Rules for Financial Benchmark Administrators

    02/01/2024

    Financial benchmark administrators operating in India must seek authorisation from the RBI within three months.

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    Capital / Liquidity

    RBI Includes EXIM Bank, NaBFID as NDBs for NSFR Computation

    02/01/2024

    EXIM Bank and NaBFID are now considered as National Development Banks for the purpose of NSFR computation.

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    RBI Issues Master Direction on Internal Ombudsman Mechanism

    02/01/2024

    The master direction is aimed at strengthening internal grievance redressal systems at regulated entities.

    AML / KYC

    India Blocks Nine Crypto Exchanges for Failure to Register

    29/12/2023

    Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.

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    Securities / Derivatives

    RBI Finalises Rules for G-Sec Borrowing and Lending

    28/12/2023

    Securities issued by the central government excluding Treasury Bills are eligible for lending and borrowing in GSL transactions.

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    Market Infrastructure

    RBI Proposes to Introduce New Category of Money Changers

    28/12/2023

    The RBI proposes to allow businesses to deal in foreign exchange through an agency model by becoming forex correspondents of authorised dealer banks.

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