AGP Executive Report
Last update: 3 hours agoBanking Operations & Policy: Nationalised banks are set to open on Sunday amid a three-day strike, with warnings of delays in cheque clearance and manual RTGS, while regulators and government sources say banks will monitor merchants so UPI MDR costs aren’t passed to consumers. Capital Markets & Credit: Fitch assigned a final BBB- to Bank of Maharashtra’s $500m senior notes; RBI officials pushed banks to avoid relaxing underwriting and warned on capital rules for large lenders. Digital Banking & Payments: The Fed requested public comment on a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act, as UK banks completed interbank transfers using tokenised deposits. Fraud & Risk: Banks warned AI shopping agents could raise scam, fraud, and data-privacy risks; a cyber fraud incident hit Apollo Finvest’s joint account, with the partner reportedly covering losses. India Corporate Finance: Varroc Engineering issued ₹50 crore 90-day commercial paper to Kotak Mahindra Bank; Inox Green Energy Services launched a QIP at a ₹174.36 floor; HDFC Mutual Fund bought 25 lakh PB Fintech shares in a bulk deal.
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