AGP Executive Report
Last update: 11 hours agoRBI Enforcement: The Reserve Bank of India ordered the removal of Maharashtra Cooperation Minister Babasaheb Patil and seven directors from Latur District Central Cooperative Bank for breaching the 10-year tenure limit. Banking Disruption: State Bank of India warned customers to complete branch-dependent transactions ahead of a UFBU strike from Sept 28–30, urging use of ATMs, ADWMs, CSPs and digital channels. Mergers & Integration: Bank al Etihad says its merger with INVESTBANK is fully complete, with INVESTBANK customers now integrated into its systems. UK Banking Perks: NatWest and RBS customers will lose the £1 monthly cashback for logging into the app from Oct 1, with only the Direct Debit reward remaining. Crypto Regulation (UK): The FCA’s crypto authorisation process opens Sept 30, covering stablecoins, trading, dealing, safeguarding and staking, with transitional arrangements requiring an application by Feb 28, 2027. Global Finance: The World Bank said it mobilised a record $112bn in private capital, aiming to more than double private commitments in coming years.
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