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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 Ambani s 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. ....

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India sees a shadow-banking boom despite China's funk

India sees a shadow-banking boom despite China's funk
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