Why India’s Troubled Shadow Banks Spook the Market
The IL&FS building in Mumbai. (Photograph: IL&FS Annual Report)

Why India’s Troubled Shadow Banks Spook the Market

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(Bloomberg) -- India’s $42 billion shadow-banking system has been creaking since one of the country’s biggest infrastructure lenders unexpectedly halted debt repayments in 2018. Investor nerves wer...
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