AGP Executive Report
Last update: 11 hours agoIndia Bullion Plan: The All India Jewellers and Goldsmith Federation has pitched a “bullion bank” idea to Commerce Minister Piyush Goyal, aiming to use idle gold held at home and institutions to cut reliance on imports. Banking Watch: SEBI has summoned IndusInd Bank’s company secretary as part of an insider-trading probe tied to how an internal complaint was handled, while ICICI Bank says it will keep majority control of ICICI Prudential Life despite partner moves. Rates & Rules: Bank of India revised medium-term FD rates for tenures under ₹3 crore, and UAE employers face tighter salary-payment deadlines from June 1. Cash & Stability: Russia saw the first fixed-deposit outflows since 2022 as deposit rates fell, and Bangladesh Bank bought nearly $6bn in FX this fiscal year. Local Power: Nepalgunj added five electricity feeders ahead of summer demand.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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