India had 10,000 shadow banks as of March 2021, the latest RBI data available, with assets of 54 trillion rupees ($680 billion) or about one-fourth that of the banking sector. Several of the biggest shadow banks are listed on the stock exchanges.source https://economictimes.indiatimes.com/industry/banking/finance/rbi-unlikely-to-accept-shadow-bank-requests-for-bad-loan-exemptions-sources/articleshow/93927187.cms
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