Original Article 
Shadow Banking: Chronicles from the US and India
FinNovate Insights Journal
- Year: February 2024
- Volume: 1
Abstract
- Shadow Banking in the US is on the rise owing to higher regulatory pressures on banks and rapid adoption of technology leading to growth in fintechs.
- In India as well shadow banking is on the rise. Fintech companies are now emerging as key players, striving to fill the gaps left by banks and NBFCs.
- However, unlike the US, India has limited depth in its Debt Capital Markets. Fintech companies and NBFCs depend on banks for capital. This allows for greater control by the RBI in regulating this space.
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