Passengers shadows are cast on the ground of a platform as they wait for train at Mughalsarai Junction station in Mughalsarai, Uttar Pradesh. (Photographer: Dhiraj Singh/Bloomberg)

India’s Shadow-Bank Risks Put China in the Shade

(Bloomberg Opinion) -- Why do you call them shadow banks? That’s a criticism I’ve heard often since I started chronicling the troubled world of India’s nonbank finance companies following the high...

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