AGP Executive Report
Last update: 12 hours agoNRB Pressure on Non-Banking Assets: Nepal bankers want the central bank to let banks and financial institutions earn income by leasing or renting non-banking assets they can’t sell after loan defaults, citing a jump in such assets to Rs 45.99bn and frustration with tight loan-loss provisioning rules. Consumer Banking Court Win: Kerala High Court ordered a bank to repay a matured Rs 5 lakh FD with 12% interest plus Rs 10,000 compensation after “technical issues” delayed payment. Digital Fraud Rules (RBI): India’s RBI compensation framework for digital fraud will require victims to report within five calendar days to both their bank and the National Cyber Crime Helpline, or they may lose eligibility. Cash Access in Singapore: Banks agreed to place an ATM, cashpoint or branch within 500m of every HDB block by end-2027, with an interim push by end-2026 to support seniors during the shift to digital payments. Crypto Scam Crackdown: San Antonio approved mandatory bilingual fraud warning signs at crypto kiosks, targeting a pattern of phone scams that push victims to deposit cash into Bitcoin ATMs. Fed Leadership & Crypto: Kevin Warsh’s Fed chair start is framed as a “regime change,” with emphasis on inflation targeting, less forward guidance, and balance-sheet shrinkage—while his personal crypto exposure keeps markets watching. Banking Product/Tech Updates: FCMB upgraded its mobile app with rewards, mutual funds, virtual cards and in-app support, while First City Monument Bank also streamlined account upgrades.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.