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
Fintech / Regtech
India’s UCO Bank Calls in Federal Investigators to Probe Payments Disruption
19/11/2023
The CBI is being called in to investigate a possible cyber-attack or manipulation of the state-owned bank’s internal systems.
Enforcement
Indian Authorities Probe Aviva for Alleged Tax Evasion – Report
17/11/2023
Inspectors from the Directorate General of GST Intelligence seized laptops from Aviva and questioned some of its top officials.
Capital / Liquidity
RBI Increases Consumer Credit Risk Weights for Banks, NBFCs
17/11/2023
Banks and NBFCs will have to set aside more capital against personal loans and credit card receivables, and tighten their credit standards.
India-Thailand Payments Link to be Announced “Soon” – Report
16/11/2023
India’s ambassador to Thailand, Nagesh Singh, said negotiations have been underway and there will very soon be “good news”.
Enforcement
RBI Takes First Action Against Non-Compliance With Digital Lending Guidelines
16/11/2023
The RBI said Bajaj Finance did not issue the Key Fact Statements to borrowers as required under its digital lending guidelines issued in September 2022.
Securities / Derivatives
SEBI Directs Stock Brokers to Issue Simplified Terms to Clients
16/11/2023
Brokers forum instructed to frame standard ‘most important terms and conditions’ for new clients by 1 April and existing clients by 1 June.
Securities / Derivatives
India’s AMFI Issues Guidelines for Execution-only Mutual Fund Platforms
13/11/2023
The guidelines come ahead of an end-November deadline for platforms selling direct mutual fund schemes to register with AMFI.
Market Infrastructure
Calcutta Stock Exchange Looking to Resume Operations Soon
13/11/2023
The Calcutta Stock Exchange was forced to stop operating its equities trading platform in April 2013 due to regulatory and compliance issues.
Fintech / Regtech
RBI Seeking to Explore Linkage Between UPI and Japan
12/11/2023
RBI governor Shaktikanta Das said a fast payment linkage between India and Japan could help make cross-border payments more efficient and less costly.
Fintech / Regtech
RBI Report Highlights Growing Role of Fintech in Providing Credit
09/11/2023
Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.
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