AGP Executive Report
Last update: 9 hours agoCentral Banking Watch: The Bank of England held rates at 3.75% but signaled another hike is increasingly likely as inflation stays above target, with markets now leaning toward a move at the November meeting. Mortgage Pressure: Westpac cut its two-year fixed home loan rate to 5.29% while lifting other mortgage rates, citing higher wholesale funding costs flowing into longer-term lending. Bank Funding & Credit: Fitch confirmed Canara Bank’s ratings for its $3bn medium-term note programme, keeping the overall scheme at BBB-/BB(xgs). Capital Markets: OnEMI Technology Solutions approved a preferential share issue raising about ₹832.2 crore from 34 non-promoter investors. Banking Jobs & Expansion: Bank of America hired Goldman’s Srijith Nair to lead Asia ex-China financial institutions banking. Fraud & Cybersecurity: Mumbai police dismantled an OTP-farming network supplying fake WhatsApp accounts to investment fraudsters, while separate reporting highlights a “digital arrest” scam that netted Rs 1.12 crore. Development Finance: The World Bank said it mobilised $112bn in private capital for developing countries, and it also reported $22bn mobilised for Africa in FY26. Investment & Infrastructure: Argentina’s TGN approved a $2.2bn gas pipeline project to move Vaca Muerta output, targeting operations by April 2029. Local Banking Outreach: Bank of Maharashtra marked its 92nd foundation day with MSME credit outreach in Akola, issuing sanction letters worth ₹36.87 crore.
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.