Funding crisis to worsen unless India pumps in cash, says Kotak

The non-bank lenders, which have been hit by high borrowing costs and largely shut out from the bond market after the crisis at shadow lender IL&FS Group broke out last year, are facing the risk that more borrowers will be unable to repay their debt as the cash crunch drags on.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LZJcL1