AGP Executive Report
Last update: 5 hours agoM&A in India: Kotak Mahindra Bank agreed to buy Deutsche Bank’s India retail, affluent private banking and wealth management business, taking on about Rs 29,000 crore in loans, Rs 16,000 crore in deposits and Rs 10,500 crore in AUM for ~150,000 customers, with closing targeted by Sept 2027. RBI Financial Stability: India’s banking system looks resilient, but the RBI flagged AI-enabled cyberattacks as the biggest near-term threat and warned AI stock valuations could trigger spillovers if markets correct sharply. NBFC stress test: RBI expects stressed assets at NBFCs to rise, with GNPA ratio projected up to 2.8% by March 2027 (baseline) and capital buffers thinning under adverse scenarios. Liquidity squeeze: India’s overnight call money rate jumped above the policy corridor ceiling for the first time this fiscal year as liquidity stayed in deficit. Regulatory protection: Pakistan’s SBP told banks not to freeze accounts without legal grounds and proper authorization, tightening customer safeguards. Enforcement/records: Ayodhya Police moved the Ram Temple donation scam probe into a financial audit phase, seeking five years of banking records from seven banks. Market hit (Nigeria): NGX slid again as panic selling erased about N2.36tn in market value, with banking and other sectors leading declines. Insurance liberalisation (India): IRDAI approved two proposals for 100% foreign ownership in general insurance vehicles, paving the way for BIMA Sugam later this year.
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