India’s ‘shadow banks’ resurgent as consumer demand for credit rises
Receive free Indian business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Indian business & finance news every morning. Investors are piling into…
Why shadow banks have a place despite HDFC, in 5 charts
A major reason for the long-awaited merger of HDFC and HDFC Bank was costs. In the Indian financial system, only banks can raise funds from the public through current accounts…
Unregistered ‘shadow’ mortgage broker who made millions in fees says he was just meeting demand
A so-called unregistered “shadow” mortgage broker responsible for securing more than half a billion dollars’ worth of home financing through the use of altered tax and bank documents says there…