AGP Executive Report
Last update: 21 minutes agoRBI Crackdown on Mis-selling: India’s central bank tightened rules on how banks and other lenders market and sell products, pushing for clear consent and banning confusing add-ons and manipulative digital sales tactics, with new directions effective Jan 1, 2027. RBI Liquidity & Inclusion Moves: RBI exempted banks from reserve ratios on fresh NRE term deposits (3 years+), and finalized Lead Bank Scheme norms to strengthen district and block-level credit planning for priority sectors. RBI Farm Credit Update: Kisan Credit Card guidelines were finalized with standardized crop-season timelines and a delayed implementation to Jan 1, 2027. Nepal CEO Pay Caps: Nepal Rastra Bank set limits tying bank CEO salary and benefits to institution size and employee costs, aiming to curb excessive compensation. Bangladesh-Swiss Deposit Surge: Swiss National Bank data shows Bangladesh-linked deposits in Swiss banks jumped 41% to CHF 834.16m (about Tk 127.5b), renewing money-laundering concerns. Bangladesh Banking Supervision Boost: Bangladesh Bank, with IFC and FIAS, ran a risk-based supervision workshop to strengthen oversight capacity. Crypto Fraud Warning: FBI Director Kash Patel warned crypto scammers will be tracked and prosecuted as losses keep rising. Banking Sector Tech/Deals: Axis Solutions launched smart EV charging firmware with dynamic load sharing and remote monitoring, while Finastra’s core banking unit is set for acquisition by Pollen Street.
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