It’s one step forward, one back for troubled Indian shadow banks

Shadow lender woes have made it harder for policy makers to prop up the economy, which grew at its weakest pace since 2009. The slowdown hurts borrowers’ ability to repay debt, and has prompted the central bank to predict that an improvement in banks’ bad-loan ratios will reverse. In a sign that creditors remain jittery, borrowing costs rose.

from Banking/Finance-Industry-Economic Times https://ift.tt/2FA5YTF