AGP Executive Report
Last update: 8 hours agoBank Funding & Markets: HDFC Bank pulled off a record $1.75bn overseas bond sale via GIFT City, while ICICI Bank’s board approved doubling its overseas borrowing limit to $5bn as India’s lenders race to use a concessional RBI window. Bank Profitability Watch: Bernstein flagged margin pressure risks for India’s public sector banks as they rely more on borrowings for credit growth, even as private banks keep narrowing the loan growth gap and extending deposit momentum. UK/Europe Banking Moves: Deutsche Bank secured new infrastructure space at YY London in Canary Wharf ahead of a lease expiry in 2028. Digital Banking & Payments: South Korea’s Toss Bank says it cut overseas remittance fees by about 1bn won in its first six months, and KCB Bank Uganda launched MoPesa micro-credit via MTN MoMo. Cyber & Fraud: ThreatFabric detailed an Android banking trojan (“Manic”) that steals PINs via accessibility tricks, while Origin Energy disclosed that some customers’ full bank account numbers were accessed in a July breach. Regulation & Reporting: Oman set a timeline making IFRS sustainability disclosures mandatory for non-banking financial firms from 1 Jan 2029. Banking in the Real Economy: KCB Bank Uganda’s MoPesa targets informal traders, and Fidelity Bank Nigeria expanded food relief to over 1,000 families in Kogi.
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