AGP Executive Report
Last update: 8 hours agoPolicy & Governance: Malaysia’s PM Anwar Ibrahim warned that entrepreneur financing approvals must stop relying on “letters of support,” political connections and cronyism, saying misuse of public funds and weak transparency can sink businesses. Development Finance: Ethiopia is set to become a BRICS New Development Bank member after cabinet approval for a parliamentary proclamation, aiming to tap South-South financing for infrastructure and stability. Banking Performance: HDFC Bank reported Q1 FY27 momentum with loans up 15.4% YoY to ₹30.61 lakh crore and deposits up 14.7% to ₹31.7 lakh crore; Yes Bank showed 18.4% YoY loan growth to ₹285,315 crore while deposits softened sequentially. Regulation & Risk: India’s RBI fined Bank of Baroda ₹64 lakh for charging excess interest and KYC upload delays, while GIC Housing Finance faced penalties for missed periodic risk reviews. Cross-Border Investment: India–Israel’s Bilateral Investment Agreement took effect, designed to give investors a more predictable protection framework. Crypto & Payments: Brazil proposed a 24-hour hold on outbound dollar stablecoin transfers above $10,000 to slow risky flows and strengthen checks. Infrastructure & Jobs: The World Bank approved $265m for Morocco’s Ifahsa pumped-storage “gigabattery” to stabilize the grid and unlock about $1bn in private investment. Corporate/SME Finance: Uganda’s Housing Finance Bank launched a Trust Savings Account with interest plus insurance-linked benefits, targeting savers seeking higher returns.
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