Shadow Bank Crackdown Accelerates in India Amid Cash Squeeze
A pedestrian is silhouetted as we walks on a highway at night in the outskirts of New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Shadow Bank Crackdown Accelerates in India Amid Cash Squeeze

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(Bloomberg) -- India is stamping out shadow financiers at the fastest pace in recent years, in the latest blow to a beleaguered sector battling a prolonged funding crunch due to rising wariness tow...
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