NOT all shadow banks are born equal. Just as non-bank lenders in China face a liquidity crunch because of their linkages with troubled property developers, their counterparts in India are moving into a higher gear. The trajectory of financiers, especially those who don't take state-insured deposits, is beginning to diverge in the neighbouring economies. In India, Mukesh Ambani's Jio Financial Services Ltd made its stock-market debut on Monday after being spun off from Reliance Industries Ltd, the tycoon's flagship.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-23-story-h-241929300-India_sees_a_shadow_banking_boom_despite_China_s_funk_Andy_Mukherjee

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