MUMBAI: Indian shadow lenders are selling the most local currency bonds since before a financial crisis engulfed the sector two years ago, in a sign that record stimulus is easing their fundraising burden.
The financiers have raised 860 billion rupees (US$11.5bil) through rupee notes since April 1, making it the best start to a financial year since 2017.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!