AGP Executive Report
Last update: an hour agoBanking labour unrest: UFBU-linked unions staged protests and a nationwide strike over a five-day workweek, disrupting cash, cheque and administrative services at public sector banks and some private lenders, with staff warning of further action if demands aren’t met. Financial inclusion with guardrails: Indonesia’s OJK backed mass bank account opening as a way to build early financial habits for 17-year-olds and aid recipients, but stressed banks must still follow KYC and prudential rules. Digital payments and consumer rules: India’s new e-commerce rules tighten obligations on platforms from Jan 1, 2027, including limits on dark patterns and search manipulation, while FASTag users in India can now port their tag to a new linked bank via OneTag without replacing the sticker. Risk, fraud and regulation: Thailand is tightening customer checks and illicit-activity safeguards across banks and non-banks, and Canada’s OSFI says tokenized deposits are legally the same as traditional deposits. Markets and credit: ICRA affirmed JSW Energy’s high-grade ratings; CARE reaffirmed Geojit Financial Services’ CARE A+ stable issuer rating. Banking in the real world: Flood damage in Nepal affected 12 banks’ branches, with losses assessed at Rs 72.4 crore. Global finance politics: BRICS finance chiefs pushed for deeper IMF/World Bank reforms and more local-currency trade and cross-border payment connectivity.
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