AGP Executive Report
Last update: 4 hours agoIndia’s Banking Results: Yes Bank reported Q2 profit of ₹1,080 crore but warned the Supreme Court’s ruling overturning its ₹8,400-crore AT1 bond write-off could turn that into a ₹5,217-crore loss if recognised. ICICI Bank’s profit rose 20% to ₹14,843 crore, while Punjab National Bank’s increased 12.8% to ₹5,532 crore. Banking Consolidation: The RBI approved the merger of Emirates NBD’s Indian branches into RBL Bank from December 1, advancing the integration after Emirates NBD took a controlling stake in the lender. Digital Assets: Deutsche Bank plans to begin regulated Bitcoin and Ether custody for German institutional clients within weeks, with an expansion into Asian financial centres planned for 2027. US Oversight: Bank of America’s $1.2-billion penalty over anti-money-laundering and sanctions failures weighed on quarterly profit, which fell 17%; regulators cited failures involving about $5 billion in suspicious transactions. Account Access: An OCC report said major US banks closed some customer accounts over political, religious or business activities, intensifying scrutiny of debanking practices.
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