AGP Executive Report
Last update: 10 hours agoRBI Mis-selling Crackdown: India’s central bank issued new Commercial Banks Responsible Business Conduct directions defining mis-selling and tightening rules on unfair product sales, effective Jan 1, 2027. Fraud Enforcement: India’s ED froze 129 bank accounts worth ₹18.4 crore and searched eight locations tied to an online stock investment scam using apps and WhatsApp groups. AI in Finance Funding: Singapore’s Pints AI raised $5.6m to help regulated banks and insurers deploy AI with audit trails, while HCL Tech bought a 10.46% stake in Sarvam AI for ₹1,427 crore to expand enterprise AI. Fintech Lending Expansion: Choco Up secured a $15m credit facility to scale growth and working-capital lending for ~500 Singapore SMEs. Islamic Finance Standardization: IIFM launched standardized documentation for Ijarah and Murabahah syndicated financing to cut costs and speed cross-border deals. Market & Tech Moves: Samsung is upgrading Galaxy security to block and even halt malicious apps tied to phishing calls. Corporate Finance: SoftBank Vision Fund CFO Navneet Govil is leaving after a decade, as the firm pivots deeper into AI investing.
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