As India's Economy Cools, the Spotlight Hits Its Shadow Banks
Jun 13, 2019 | 09:45 GMT
(SHRIYA PATIL/The India Today Group/Getty Images)
- Managing the shadow banking crisis will form one of the Reserve Bank of India's core challenges in the months ahead.
- The central bank will balance its efforts at pumping cash into the economy with keeping a lid on inflation.
- Avoiding a crisis in shadow banks will be key toward sustaining consumption amid an economic slowdown.