The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year. The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have increased the pressure on the car sector with monthly sales falling by 17-20%. SBI has tightened lending terms dramatically for auto dealerships to reduce its exposure to risk.Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
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