In the wake of the IL&FS crisis, as many as 1,500 smaller non-banking finance companies may have their licenses cancelled because they don’t have adequate capital. The shadow banking sector now comprises more than 11,400 firms with a combined balance-sheet worth Rs 22.1 lakh crore, and is less strictly regulated than banks.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NPnhXl
