Indian businesses may lose key financing channel as shadow lenders turn wary

Indian businesses may lose key financing channel as shadow lenders turn wary

A Reliance Industries Ltd. construction site stands at the Bandra Kurla Complex in Mumbai, India, on Sunday, Jan. 28, 2018. Photographer: Dhiraj Singh/Bloomberg

India’s business titans are facing a worrying new development: in recent weeks, shadow lenders have been cutting them off from a key financing channel.

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