AGP Executive Report
Last update: 10 hours agoBanking Accountability: India’s bank staff union AIBEA is pushing the finance ministry for a national accountability policy so RBI penalties for KYC/AML and other lapses are recovered from responsible officials, not paid by banks and taxpayers. Market Impact: MCX shares slid about 1.7% after RBI’s new bank guarantee rules hit trading volumes, with margin funding dependence a key factor. Corporate/Enforcement: CBI arrested Reliance Capital ex-CFO Amit Bapna over alleged loan diversion tied to Reliance ADA group companies, with claims of breaches of RBI guidelines. Policy & Funding: Pakistan launched the InvestPak Portal to digitise government securities investing and gradually reduce reliance on commercial banks, aiming to broaden the investor base. Banking Growth (India): Bank of Maharashtra reported 27% YoY credit growth in the June quarter and total business crossing ₹6.5 lakh crore. Middle East Banking: QNB won ABF awards for open banking and cash management; Qatar’s commercial banks’ assets rose 6% YoY to QR2.2tn in May. Digital Finance: Egypt’s Klivvr says it has invested $10m since launch, now serving 700,000 users and rolling out an AI assistant for financial insights. Capital Markets (UK): Banks urged the Bank of England to tweak leverage rules so gilts don’t count toward leverage exposure, arguing it could boost bond demand and cut borrowing costs. Crypto Flows: U.S. spot Bitcoin ETFs saw about $527m net outflows for a week, extending withdrawals to eight straight weeks.
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