AGP Executive Report
Last update: 2 hours agoIndia’s Rate Turn: The RBI raised its repo rate by 25 basis points to 5.5%, its first hike in nearly four years. Several lenders raised loan rates, while banks with more repo-linked lending could see faster income gains before deposit costs catch up. AI Cyber Risk: South Korea ordered investigations after suspected AI-assisted attacks on banks, with reports of breaches affecting seven lenders and exposing customer data. AI Financing: SpaceX is seeking $40 billion to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, highlighting the scale of funding behind AI infrastructure. Bank Supervision: The US Federal Reserve plans to reorganize bank oversight into five regions, while examiners remain in their current locations. Paytm: The RBI removed Paytm Payments Bank from its scheduled-bank list following the cancellation of its banking licence. Bank M&A: Third Coast Bancshares agreed to buy Great Plains Bancshares for about $240 million in stock, expanding into Oklahoma and adding scale in Texas.
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