AGP Executive Report
Last update: 3 hours agoStablecoin Sovereignty: Central bankers warn dollar-pegged stablecoins are undermining monetary control, arguing CBDCs won’t be a real fix. Power-Sharing Deals: Madhya Pradesh and Uttar Pradesh sign an MoU to procure and share power and explore 2,000 MW of solar-plus-storage. Agent Banking Gap: Bangladesh Bank data shows rural borrowers still get fewer loans against deposits than urban customers, despite more agent-banking activity. Private vs PSU Banks: Goldman Sachs expects private banks to gain share over the next two years as liquidity advantages narrow and credit economics improve. North Korea Transfers: Private money-transfer brokers are returning as distrust in banks grows after crackdowns. Cyber & Consumer Protection: India orders Google to remove Firebase pages used to impersonate banks and steal credentials; Cyprus police remand a suspect in a €6,800 online banking fraud. Banking Tech & Inclusion: Egypt’s central bank approves rules for a digital identity platform to enable remote account opening. Crypto Market Shock: Bitcoin surges toward $80K amid ETF inflows and massive short liquidations; separate reports flag a potential end to the bear market. DeFi Governance Hit: Term Labs confirms an ~$8.5M governance exploit draining vaults. FD Rate Moves: HDFC Bank, Federal Bank, Slice SFB and ESAF SFB revise fixed-deposit rates, with senior offers up to 8.50%. Regulatory Overhaul: Bangladesh SEC moves to update merchant banking and portfolio manager rules after nearly 30 years.
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