The Reserve Bank of India is reviewing its scale-based regulation for non-bank lenders. This framework categorizes these companies by their systemic importance. The review comes as non-bank lenders play a growing role in credit delivery. Concerns about interconnectedness and risk remain. Upper-layer non-bank lenders hold a significant portion of assets. Their credit footprint is expanding across the economy.
10-year US Treasury yields surges over 5.05% to 19-year high
The 10-year US Treasury yield climbed to 5.058%, its highest level since July 2007, as fresh services and manufacturing data raised concerns about further Federal