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
SEBI Considers ‘Fast Track’ for Debt Securities Issuance
11/12/2023
This will facilitate frequent issuers with a consistent track record to make public issues of debt securities with reduced time, cost and effort.
Securities / Derivatives
SEBI Plans New Asset Class for Investors with High Risk Appetite
11/12/2023
The proposed category is likely to have higher minimum investment and relaxed norms to generate high returns.
Fintech / Regtech
RBI to Launch Cloud Facility, Fintech Repository for Financial Sector
11/12/2023
The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.
Market Infrastructure
RBI in Talks With HK, US on Cross-border CBDC Payments
08/12/2023
The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.
Enforcement
Bangladesh Bank Releases New PCA Framework for Commercial Banks
08/12/2023
To protect the interest of depositors and ensure proper management, banks will be placed under four categories based on NPLs and CRAR.
Enforcement
India: NFRA Has Overriding Powers Over ICAI, Tribunal Rules
06/12/2023
The NCLAT also clarified that NFRA has retrospective jurisdiction to investigate and take necessary action if required even for periods prior to its creation in 2018.
Securities / Derivatives
SEBI Implements Three-Day Timeline for IPO Listings
06/12/2023
The new mandatory three-day timeline from IPO close to listing took effect on 1 December, and will benefit both issuers and investors.
AML / KYC
Bangladesh Allows Foreign Firms to Open FX Accounts Domestically
03/12/2023
Foreign nationals, companies operating abroad, and foreign institutional investors can open and maintain FC accounts with offshore banking operations of local banks.
India’s IFSCA to Allocate IFSC Codes to IBUs at GIFT City
01/12/2023
IFSC codes shall be used only for cross border remittances to IBUs in GIFT City, not in domestic payment systems.
Fintech / Regtech
Indian Government Asks Banks to Ramp Up Cybersecurity Measures
29/11/2023
A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda
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