AGP Executive Report
Last update: an hour agoCrypto Tax Push: The U.S. House Ways and Means Committee advanced the Digital Asset Tax Certainty Act (H.R. 10357) with a 38-5 vote, setting a de minimis up-to-$10 exemption for routine digital-asset network fees and small purchases, after the Senate blocked the CLARITY Act. UPI Fees Outlook: Bernstein estimates a 40-basis-point MDR on eligible UPI merchant payments could build a ~Rs 27,000 crore revenue pool by FY28, with an effective blended MDR around 19 bps after exemptions and concessional categories. RBI NBFC Rules: RBI issued clarifications on what counts as principal financial activity and how it defines core investment companies for NBFCs, tightening the regulatory line after Tata Sons’ CoR surrender rejection. Bank Funding Moves: RBL Bank approved USD 350 million senior unsecured notes (5-year, 5.791% coupon) for IFSC/GIFT City expansion and general funding; Motilal Oswal Financial Services cleared ₹79 crore secured senior NCDs (8.70%, 5-year). SME Cyber Spend: A study finds 84% of Indian SMEs plan to raise cybersecurity investment, but only 28% made structural improvements after incidents, pointing to a readiness gap. Agentic AI for Finance: MatrixLabX launched PrescientIQ, a governed multi-agent AI platform for mid-market banks, using human-in-the-loop approvals and an immutable audit ledger.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
