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India Takes Over Shadow Lender to Save Financial System From ‘Lehman Moment’

October 1, 2018 2:01 PM
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The government is trying to keep Infrastructure Leasing & Financial Services’ debt problems from destabilizing the country’s financial system

The Indian government is taking over and investigating struggling shadow lender, Infrastructure Leasing & Financial Services Ltd., to try to keep its debt problems from destabilizing the country’s financial system.

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