Pedestrians’ shadows are cast on the ground as they walk along a street in Shenzhen, China. (Photographer: Qilai Shen/Bloomberg)

Shunned in India, Shadow Banks Pay More for Foreign Funds

(Bloomberg) -- India’s shadow banks are being forced to go overseas more for money as local lenders balk at extending funds, flagging strains in a key industry for an economy that’s already sputter...

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