AGP Executive Report
Last update: 12 hours agoRBI FX push: India’s central bank says its targeted capital-flow measures have pulled in about $41B in foreign currency inflows in two months, led by $36.7B via FCNR(B) deposits, with the concessional swap window for fresh deposits open until Sept 30. Banking fees spotlight: India’s banks collected Rs 7,086 crore in FY26 for minimum balance penalties, with private lenders taking most of the haul. Regulation in the US: US regulators proposed major changes to the Community Reinvestment Act, including raising the small-bank threshold and shifting how examiners weigh branch and deposit activity. Deposit competition: Lenders are raising fresh deposit rates as funding races heat up, while regulators also floated revisions to banks’ lending stipulations. Corporate moves: Fidelity Bank completed its acquisition of Affinity Bancshares and Affinity Bank; Jio Financial Services set Aug 10 as record date for its final dividend. Legal ruling: India’s Supreme Court backed a Delhi High Court view that ED can’t freeze bank accounts on mere suspicion—“reasons to believe” are required.
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Pseudo-journalism: Pink-slime
