Fresh Crisis Looms for India Shadow Banks After Fund Shuts
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee, top, and 500 rupee banknotes in an arranged photograph. (Photographer: Brent Lewin/Bloomberg)

Fresh Crisis Looms for India Shadow Banks After Fund Shuts

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(Bloomberg) -- India’s shadow lenders are facing fresh turmoil after asset manager Franklin Templeton shut funds late last month, prompting other large investors to dump the financiers’ debt.
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