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
RBI Shortens Frequency of Credit Reporting to 15 Days
08/08/2024
Contraventions by credit information companies and credit institutions to attract penal action The Reserve Bank of India (RBI) has issued […]
Securities / Derivatives
SEBI to Revamp Rules for Investment Advisors, Research Analysts
08/08/2024
Eligibility requirements for registration are being relaxed. Additional disclosure will be required for IAs/RAs that use AI tools.
Securities / Derivatives
RBI Asks Banks to Refrain from Large Bets Against Rupee – Report
08/08/2024
RBI officials asked banks to “consider the existing position size the risk limit”, indicating it did not want them to add to existing bets against the rupee.
AML / KYC
India ED Has Pursued Over 5,000 ML Cases Since 2014
08/08/2024
Minister of State for Home Affairs Nityanand Rai said 40 convictions have been secured under the the Prevention of Money Laundering Act.
Securities / Derivatives
SEBI Proposes Stricter Rules for Offshore Derivatives Issuance
08/08/2024
Issuers will be required to maintain a separate dedicated FPI registration and prohibited from using Indian derivatives as the underlying.
Securities / Derivatives
SEBI Imposes New Obligations on AMCs to Address Market Abuse
07/08/2024
Fund managers are required to put in place a whistleblower mechanism and enhance their surveillance systems, internal controls and procedures.
Securities / Derivatives
SEBI Proposes to Streamline Rules for Entities with Listed NCDs
07/08/2024
SEBI proposes to align the approval and authentication process for financial results of entities with listed NCDs to that of equity-listed entities.
Crypto / Digital Assets
India Demands $86m in Back Taxes from Crypto Giant Binance
06/08/2024
Binance is said to have earned more than $476mn in transaction fees from Indian customers between July 2017 and March 2024.
Capital / Liquidity
RBI Proposes Regulatory Principles for Managing Credit Models
06/08/2024
Lenders using models from third parties have to ensure the contractual arrangements allow supervisory evaluations of the models by the RBI.
Securities / Derivatives
SEBI to Overhaul Approval Process for IPOs Using AI
06/08/2024
A “template fill-in-the-blank IPO document” will be introduced and AI-based tools will be used to review the documents.
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