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 to Implement T+0 Settlement in Equities by March 2024
29/11/2023
SEBI will implement same day settlement in equities trading by March 2024, and optional instantaneous settlement a year later.
Securities / Derivatives
SEBI Proposes to Grant Greater Trading Flexibilities to Company Insiders
28/11/2023
The regulator has proposed revising its insider trading regulations to make it easier for senior management to trade in company shares.
Securities / Derivatives
SEBI to Introduce Regulatory Framework for Index Providers
28/11/2023
SEBI approved a number of proposals at its board meeting on Saturday, including measures to provide NPOs greater fund raising flexibility.
AML / KYC
India’s IFSCA Proposes Accredited Investor Framework for GIFT City
28/11/2023
Minimum investment thresholds applicable to venture capital schemes, restricted schemes, and portfolio management services would not apply to accredited investors.
Capital / Liquidity
RBI Governor Cautions Against ‘Credit Exuberance’
23/11/2023
RBI governor Shaktikanta Das said concentrated linkages between banks, NBFCs and fintechs may create a contagion risk.
Fintech / Regtech
Indian Microfinance Body Calls Out Regulatory Gap in Fintech Lending
22/11/2023
India’s MicroFinance Institutions Network has asked the RBI to intervene to ensure fintech lenders comply with microfinance regulations.
Market Infrastructure
SEBI Launches “Investor Risk Reduction Access” Platform
21/11/2023
The platform will enable investors to continue to manage their portfolios even during unexpected technical glitches.
Enforcement
RBI Undertakes Review of Penalty Framework – Report
21/11/2023
The RBI is considering options for linking penalties to the size of regulated entities, as well as clawing back executive remuneration.
Market Infrastructure
Indian Court Orders Calcutta Stock Exchange to Halt Trading on NSE
20/11/2023
SEBI barred the CSE from operating its equities trading platform in 2013. It has since been allowing its members to trade on via the NSE. The agreement with NSE expired in September 2021.
AML / KYC
RBI Allows Banks to Give Exporters Extra Flexibility in Trade Transactions
20/11/2023
Banks maintaining special rupee vostro accounts are permitted to open an additional special current account for exporters.
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