The Roots of India’s Shadow-Bank Crisis
A crane stands at the construction of a cable-stayed bridge over the Tapti River in Surat, Gujarat, India. (Photographer: Karen Dias/Bloomberg)

The Roots of India’s Shadow-Bank Crisis

(Bloomberg Opinion) -- When one of India’s largest shadow bankers — an institution with 169 subsidiaries that calls itself Infrastructure Leasing and Financial Services — admitted to a series of de...
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