AGP Executive Report
Last update: 7 hours agoCentral Banking & Credit Quality: Philippines banks’ bad-loan ratio rose to a nine-month high as the gross NPL rate climbed to 3.44% in May, with gross NPLs up to ₱601.4bn, while past-due loans edged down slightly. Payments & Fees: The BSP set July 4 as the deadline for banks and e-wallets to cut digital transfer fees under Circular 1238, with enforcement steps starting with reminders. India Banking Flows: RBI’s revised FCNR-B scheme is already drawing $3–4bn in overseas deposits, and banks expect more inflows as awareness grows, especially from the Gulf. Risk Transfer: HSBC is in early talks on a risk-transfer deal tied to Asia-Pacific loan portfolios, aiming to manage default risk and free capital; Standard Chartered is also considering an SRT under its Chakra programme. Crypto Regulation & Markets: Brazil’s central bank will subject crypto firms to brokerage-style rules from Jan 1, 2027; meanwhile, Bitcoin faces renewed selling pressure as whale wallets move large sums to exchanges. Banking Tech & AI: Visa and CaixaBank completed an AI-agent-initiated card transaction using real card data, signaling more agentic commerce on existing rails. Market Infrastructure: Texas Stock Exchange begins trading Monday in a phased rollout, testing a new alternative to Wall Street.
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.
Perspectify News
