AGP Executive Report
Last update: 11 hours agoBank Earnings Watch: Kotak Mahindra Bank reported Q1 FY27 net profit up 22.5% YoY to ₹5,480 crore, with net interest income rising 9% and asset quality improving as GNPA and NNPA eased. Bank Earnings Watch: Axis Bank posted Q1 FY27 standalone net profit up 22.5% YoY to ₹7,114 crore, driven by sharply lower provisions; NII rose 8% YoY and NIM held at 3.46%. Digital Banking & Fraud: Grab-backed GXS Bank is pushing deeper into corporate lending as it narrows losses, while separate reports highlight cyber fraud schemes that exploit weak controls in people’s bank accounts. Policy & Regulation: Cuba scrapped its 5,000-peso cash limit for bank transactions, moving toward a more flexible setup. Awards & Expansion: GTBank was named Nigeria’s Best Digital Bank at the Euromoney Awards for Excellence 2026. Legal/Enforcement: India’s ED is probing alleged fictitious transactions worth Rs 164 crore tied to frozen accounts linked to Trinamool Congress.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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