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Bank seizure snuffs out hope for quick India shadow bank revival

By Suvashree Ghosh, Rahul Satija and Divya Patil India’s decision to seize control of its fourth-largest private bank at a time when the coronavirus is roiling markets risks prolonging a credit crunch among the nation’s non-traditional financiers. The Yes Bank LtdNSE 2.00 %. takeover last week marked the first instance of...
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