India's shadow banking scare could derail its robust growth story - English Newshunt

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Thursday, September 27, 2018

India's shadow banking scare could derail its robust growth story

Construction of the Z-Morh tunnel came to a halt two months ago after Infrastructure Leasing & Financial Services (IL&FS), one of India's top infrastructure funding companies which was helping build the project, stopped paying contractors in the face of a severe cash crunch.

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