Lower borrowing costs can’t save India’s shadow banks in crisis

It’s imperative that the health of shadow banks improve because they form the backbone of the Indian economy and lend to everyone from small merchants to business tycoons. Prime Minister Narendra Modi needs to kick-start lending to revive economic growth that’s set to shrink for the first time in four decades this year.

from Stocks-Markets-Economic Times https://ift.tt/3ewLvOt