Stress building again six years after India’s shadow-banking sector blew up
India’s shadow-banking sector is showing signs of stress six years after its last crisis. Major lenders like Bajaj Finance and Shriram Finance reported increased delinquencies on unsecured loans, leading to higher provisions and lower profits. The Reserve Bank of India has expressed concern over the ‘growth-at-any-cost approach’ of some lenders and has already taken action against a few.
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