India seizes “shadow bank” to avert potential “catastrophic” impact on financial system By Kranti Kumara 20 October 2018 Earlier this month, India’s BJP government seized control of a little-known company, Infrastructure Leasing and Financial Services (IL&FS), saying the “shadow bank’s” collapse could potentially inflict “catastrophic” damage on India’s “financial stability.” In explaining the government’s … Continue reading India seizes “shadow bank” to avert potential “catastrophic” impact on financial system