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.
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.
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%.
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.
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.
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.
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.
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.
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.
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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