AGP Executive Report
Last update: 12 hours agoRBI Enforcement: The Reserve Bank of India penalised three cooperative banks for compliance lapses, including KYC upload delays, unclaimed deposit transfers, and exposure-limit breaches, and also extended restrictions on three other co-op banks for up to three more months. Digital Payments & Fees: Malaysia’s interbank ATM withdrawal fee waiver kicked in smoothly on July 1, removing the RM1 charge for withdrawals at bank-operated ATMs nationwide. Fraud & AI in Banking: HDFC Bank rolled out an in-house fraud detection tool to block UPI scams in microseconds and upgraded KYC with Aadhaar validation and fingerprint checks. Banking Tech Push: Microsoft is deploying a 6,000-strong team to help customers adopt AI, while Singapore’s S-REITs stepped up asset recycling as rates eased. Crypto/Trading Infrastructure: eToro led a $12.5m funding round for on-chain perpetual futures platform Extended, and TradingView added Hyperliquid and Trade[XYZ] data feeds to bring on-chain markets to mainstream charts. Remittances Policy: Pakistan’s central bank discontinued remittance incentives to banks under IMF pressure, ending reward points and the TTCIS scheme from July 1.
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.
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