Cash-for-Gold Loans Hide Shadow-Banking Risk in Indian Economy

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Mahindra & Mahindra Financial Services Ltd. signage is displayed... News PhotoAsia,Branch,Business,Corporate Business,Economy,Finance,India,Indian Subcontinent,Loan,Mumbai,VerticalPhotographer Collection: Bloomberg 2012 BloombergMahindra & Mahindra Financial Services Ltd. signage is displayed outside one of the company's branches in Mumbai, India, on Tuesday, Dec. 18, 2012. Among the largest non-bank financial institutions are Mahindra & Mahindra Financial Services Ltd. and Muthoot Capital Services Ltd., a publicly traded company controlled by the same family that runs Muthoot Fincorp and which also makes loans for gold. Photographer: Dhiraj Singh/Bloomberg via Getty Images