AGP Executive Report
Last update: 12 hours agoFraud Accountability: India’s Supreme Court says banks must compensate digital-scam victims when failed due diligence contributed to their losses, urging the RBI to set enforceable safeguards. Leadership Shock: Equitas SFB chief PN Vasudevan resigned amid a perceived conflict linked to his daughter’s housing-finance firm; the bank’s shares fell 20%. Earnings: First Abu Dhabi Bank’s third-quarter profit rose 6% to Dh5.73bn, while US lender Financial Institutions reported $19.6m in earnings and BayFirst sharply narrowed its loss. Tax and Rates: UK banks pushed back against a new budget surcharge as Lloyds reported a sharp profit rise. The ECB held rates at 2.5%; President Christine Lagarde will leave in February 2027, ahead of schedule. Digital Risks: Banks are blocking AI agents from customer accounts over security concerns, while Nigeria’s central bank says only 59% of banks and fintechs are ready for a January data-localisation deadline.
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