Nirmala Sitharaman\'s Budget Lifeline For Struggling Shadow Banks

Nirmala Sitharaman's Budget Lifeline For Struggling Shadow Banks

The shadow banking crisis erupted a year ago when Infrastructure Leasing & Financial Services Ltd. defaulted on a series of debt obligations

Budget 2019 | (c) 2019 Bloomberg | | Updated: July 05, 2019 19:41 IST
Nirmala Sitharaman's Budget Lifeline For Struggling Shadow Banks

India has more than 9,000 NBFCs