Charted: How India’s $370 billion shadow banking sector is surviving the economic slump

In June, India’s shadow banking sector was on the verge of collapse. But three months later, things are looking up for the $370 billion industry.

Despite the challenging macro-economic environment, the shares of leading non-banking finance companies (NBFCs) in India have shown a stellar performance since July. Shares of Bajaj Finance, Chola Investment and Finance, and Mahindra & Mahindra Financial Services, among others, have outperformed BSE’s benchmark 30-stock Sensex.

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