View: India sees a shadow-banking boom despite China's funk
Shadow banks in India are experiencing a surge in growth as they diverge from their counterparts in China. Mukesh Ambanis Jio Financial Services made its stock-market debut with a $19 billion valuation, while Bajaj Finance is the market leader with 29-31% asset growth. In contrast, shadow banking in China is facing a liquidity crunch due to a real estate slump.
Source: indiatimes.com