financial system

Credit growth over 18% may create risk

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Credit growth over 18% may create risk

Voicing concerns yet again, the Reserve Bank of India on Thursday said that credit expansion in excess of 18% could put the financial system to the test given the widening gap between credit and deposit growth. The central bank has been advising banks to review business strategy to make it sustainable with credit growth outpacing … Read more

Wall Street returns to T+1 stock trading after a century

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Wall Street returns to T+1 stock trading after a century

The US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also … Read more