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
RBI Allows Five MSME Lending Products to Exit Sandbox
31/10/2023
Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.
Securities / Derivatives
India to Require Private Companies to Dematerialise Securities
31/10/2023
Private companies will have to ensure their securities are issued only in dematerialised form by 30 September 2024.
Fintech / Regtech
RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing
31/10/2023
The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.
Crypto / Digital Assets
Indian Banks Offering Incentives to Boost CBDC Use – Report
28/10/2023
Participating banks funding incentives to promote e-rupee usage in response to pressure from the RBI.
RBI Directs Credit Bureaus, Banks to Improve Services for Customers
28/10/2023
CICs and credit institutions are given six months to implement a new compensation framework and customer service requirements.
Securities / Derivatives
SEBI Consults on New High-risk Category for Mutual Funds
27/10/2023
SEBI is considering ways to protect small investors by requiring higher entry barriers for high-risk funds.
Fintech / Regtech
RBI Releases Draft Master Directions on Managing Outsourcing Risks
27/10/2023
The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.
Bank Boards Must Have At Least Two Whole-time Directors: RBI
26/10/2023
Banks that do not currently have at least two whole-time directors on their boards must submit proposals for their appointment within four months.
Enforcement
India Proposes Incentives for Reporting of Cartel Conduct
26/10/2023
The amendments aim to incentivise cartels under investigation to provide information on other cartels.
Fintech / Regtech
Bangladesh Grants In-principle Approval for Launch of 8 Digital Banks
25/10/2023
Bangladesh Bank hopes that the introduction of digital banks will increase efficiency in the banking sector, and develop the country’s digital economy and infrastructure.
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