India Expects Shadow Banking Default Amid Cash Squeeze
The North Block of Central Secretariat building which houses the Ministry of Finance in New Delhi, India (Photographer: Prashanth Vishwanathan/Bloomberg News)

India Expects Shadow Banking Default Amid Cash Squeeze

(Bloomberg) -- India’s non-bank lenders may default on repaying debt raised from the nation’s money market within the next six weeks if additional liquidity is not provided immediately, a person fa...
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