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Property developers next in firing line from NBFC liquidity crisis

Monday, October 29, 2018, 4:30 PM

India's banking liquidity crunch is extending to the nation's property developers, threatening to derail a nascent recovery in the property sector. Home builders in India have increasingly been turning to non-bank lenders or NBFCs for funding as traditional financiers struggle under bad loans. But following the government's seizure of troubled shadow bank IL&FS earlier this month, that avenue may be choked off too.

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