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Citi Stock Surges; Analysts Predict Further Gains

  Citigroup stock has rallied over 30% this year, outperforming its U.S. banking peers. Analysts at Wells Fargo are bullish, citing improved earnings (EPS of $1.96 in Q2), ongoing restructuring under CEO Jane Fraser, and strong capital deployment through share buybacks. They forecast a 50% upside over the next 12 months, potentially reaching $12 EPS by 2027.
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RBI Proposes Tougher Digital Banking Rules

 

RBI proposes stricter digital banking rules: How it will affect you - India Today

The Reserve Bank of India (RBI) released draft norms to tighten regulations on digital banking platforms. Key proposals include banning banks from selling third-party products via mobile/internet apps without explicit consent, enhancing cybersecurity standards, and appointing digital officers for compliance. This aims to improve customer protection amid rising fintech integrations.

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Citi Stock Surges; Analysts Predict Further Gains

  Citigroup stock has rallied over 30% this year, outperforming its U.S. banking peers. Analysts at Wells Fargo are bullish, citing improved earnings (EPS of $1.96 in Q2), ongoing restructuring under CEO Jane Fraser, and strong capital deployment through share buybacks. They forecast a 50% upside over the next 12 months, potentially reaching $12 EPS by 2027.
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RBI to Curb Mis-Selling by Banks & NBFCs

  RBI is drafting guidelines to reduce the mis-selling of financial products like insurance and investment plans by banks and NBFCs. This move targets aggressive sales practices that prioritize commission over client suitability. The proposed framework may require suitability checks, product disclosures, and penalties for repeated violations.
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