India Funds Halve Shadow Bank Debt Holdings as Crisis Persists
Pedestrians walk past an advertisement for the Mutual Funds Sahi Hai campaign by the Association of Mutual Funds in India at a bus stop in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India Funds Halve Shadow Bank Debt Holdings as Crisis Persists

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(Bloomberg) -- Indian mutual funds have halved their holdings of debt sold by shadow lenders in the two-year period to June after defaults by some major financiers, data from the Securities and Exc...
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