India Shadow Banking Crisis May Return to Haunt Stock Market
A pedestrian walks near the Bombay Stock Exchange (BSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India Shadow Banking Crisis May Return to Haunt Stock Market

(Bloomberg) -- India’s shadow banking crisis has sucked in more financial firms this week, eroding a stock market rally that’s been driven by a surprise $20 billion tax cut package.
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