; and Kok, C., Müller, C. and Pancaro, C. (2019b), “The disciplinary effect of supervisory scrutiny in the EU-wide stress test”, Working Paper Series, European Central Bank, forthcoming). For related evidence in a US context, see: Acharya, V.V., Berger, A.N. and Roman, R.A. (2018), “Lending implications of U.S. bank stress tests: Costs or benefits?”, Journal of Financial Intermediation, Vol. 34(C), pp.
The RTGS system, implemented in March 2004, has become the backbone for settlement of large value payments. In 2012–13, RTGS handled 68.52 million transactions of value Rs.1026 trillion with a growth rate of 24% in volume terms.