09.08.2019 | India’s shaky shadow banks give Modi a financial headache

Non-banking financial companies have been hit by a liquidity crunch that threatens to starve many businesses of credit.

Click here to read the Alaco article in The Diplomat.

As Prime Minister Narendra Modi seeks to reboot India’s slowing economy after clinching a second term in May, he needs to stem a liquidity crisis in India’s so-called shadow banking sector that could stymie efforts this year to get economic growth back on track.