AGP Executive Report
Last update: 12 hours agoRBI Capital Rules: India’s central bank proposed a leverage ratio buffer for G-SIB branches (minimum 3.5% plus a buffer) while keeping 4% for domestic systemically important banks, with comments due Aug. 28. Priority Sector Lending Boost: RBI also allowed banks to exclude advances against eligible fresh FCNR(B) and NRE deposits from ANBC for PSL targets, aiming to spur NRI and foreign-currency deposit mobilisation. Banking Cyber Focus: Bank of Baroda’s reported data breach is a fresh reminder that cyber risk is now board-level business risk, not just IT. Fintech Verification: Solo launched a pilot that lets banks and fintechs reuse customer verification done by partners under a shared compliance standard, reducing repeated checks and regulator exposure. Payments Policy: India’s Lok Sabha cleared a bill to let the government authorize banks to levy charges on UPI transactions, shifting the debate to who pays and how much. Banking Talent Moves: Morgan Stanley hired Bank of America’s Adam Kweskin for diversified industries coverage. Wealth/Private Banking: HSBC Private Bank named Feras Al Jaramani to lead its UAE market. Markets & Macro: US jobs data surprised to the downside, cutting September Fed hike odds to 44% and lifting risk assets; Bitcoin edged up near $65K.
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