AGP Executive Report
Last update: an hour agoBanking Momentum in India: Jammu & Kashmir Bank reported 19.38% YoY growth in total business to ₹3.10 lakh crore in Q2 FY27, while Bank of India said global business rose 21.07% YoY to ₹18.91 lakh crore and deposits and advances also expanded. Retail Lending Push: L&T Finance flagged a 27% YoY jump in retail disbursements to over ₹24,000 crore, with strength in urban and gold finance, and IDBI Bank posted 18% YoY growth in total business to ₹6.27 lakh crore. Corporate Restructuring: Wipro completed a merger of US step-down subsidiaries to simplify its group structure. Energy & Inflation Watch: Sri Lanka kept its policy rate at 8.75% but warned inflation will stay high amid Iran-war fuel pressure; US PCE inflation rose less than expected in August, easing rate-hike odds. Trade & Investment Signals: Nigeria proposed a five-point plan to cut barriers to intra-African trade and expand trade finance; Qatar’s padel investment paid off with historic Asian Games gold. Local Business & Housing Pressure: Nigeria’s property prices are rising fast as inflation and construction costs bite, while a Milpitas business park faces redevelopment into 791 homes.
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