India Roils Market With Crackdown on IPO Financing, Gold
- Shadow lenders, fintechs face new restrictions in overhaul
- RBI seeks to reduce risks as demand soars for loans, IPOs
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It’s been another heart-stopping week for financial firms caught up in India’s widening crackdown on the sector, as regulators impose new restrictions that may curb lending and put a damper on the booming market for initial public offerings.