AGP Executive Report
Last update: 7 hours agoBanking Results: PNB Housing Finance’s second-quarter profit rose 6% to ₹616.55 crore, while assets under management grew 17% to ₹98,210 crore and gross bad loans eased to 0.91%. UK Budget: The finance minister announced a £100 energy payment for 20 million households and a rise in bank tax, drawing criticism over borrowing and higher taxes. Cybersecurity: South Korean financial firms, including Bithumb, reported data breaches; Daishin Securities said information on 38,490 customers was exposed. Regulation: A NITDA survey found 22 of 44 Nigerian financial institutions have yet to start implementing data-localisation measures, ahead of a January 2027 deadline. Islamic Finance: Malaysia’s industry topped $800 billion in the third quarter, Fitch said, with sukuk accounting for the largest share. Trade Finance: Africa Finance Corporation and Munich Re launched a $1 billion programme to expand trade-finance access for African banks. AI Funding: Banks arranged $63 billion in financing for Anthropic’s chip needs, while SpaceX secured a $40 billion GPU financing commitment, highlighting the scale of capital flowing into AI infrastructure.
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