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The big challenge of shadow banking in India

The big challenge of shadow banking in India

Monday, October 22, 2018, 7:56 PM

The recent debt default by Infrastructure Leasing and Financial Services (IL&FS), a conglomerate engaged in financing and developing infrastructure projects, has demonstrated the financial risks posed by India's non-banking financial companies (NBFCs). The crisis has already created a credit crunch, affecting sectors such as real estate that have been dependent on NBFC funding for growth.
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