AGP Executive Report
Last update: 4 hours agoRBI Watch: India’s central bank says AI-powered cyberattacks are the biggest near-term threat to the financial system, warning that rapid digitalisation is widening the attack surface and that preparedness is uneven across banks and NBFCs. Stress Test Update: In the same Financial Stability Report, the RBI flags rising NBFC stress—GNPA could climb to 2.8% by March 2027 in the baseline case—while capital buffers may thin. Wealth Snapshot: UBS reports global wealth rose 10.8% in 2025, adding about 1 million new U.S.-dollar millionaires, but median wealth fell in many markets since 2020, widening the gap. Big Deal in Banking: Kotak Mahindra Bank agreed to buy Deutsche Bank’s India retail, affluent private banking and wealth management business, adding loans, deposits and AUM tied to ~150,000 customers. AI for Finance: MX Technologies launched an enterprise conversational financial AI assistant for banks and fintechs, aiming to turn verified customer data into governed, real-time answers. Corporate Finance Moves: Boralex closed a €1.45bn single-platform financing in France, while Elevate Funding rolled out AI offer automation to cut funding decisions from ~24 hours to ~5 minutes. Fraud Probe: India’s Ayodhya Police entered a financial audit phase in the Ram Temple donation embezzlement case, seeking five years of banking records from multiple banks.
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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