ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

India shadow bank fears linger as Dewan seeks strategic partner

Nonbank lender faces liquidity concerns but denies fraud allegations

A worker cleans the windows of an office building in Mumbai's central financial district.    © Reuters

MUMBAI -- Concerns are rising over another debt crisis in India as Dewan Housing Finance admitted it was seeking a strategic partner to help overcome financial troubles. The company denied fraud allegations on Monday but admitted it needed to raise funds to stem a crisis of confidence.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more