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Development · 2 Sep 2026

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India’s shadow lenders are set to raise at least Rs 10,000 crore ($1.1 billion) through the issuance of local-currency bonds as early as next week, according to people familiar with the matter, as they race to lock in borrowing costs before they rise further.State-run Power Finance Corp.

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The record

India’s shadow lenders are set to raise at least Rs 10,000 crore ($1.1 billion) through the issuance of local-currency bonds as early as next week, according to people familiar with the matter, as they race to lock in borrowing costs before they rise further.State-run Power Finance Corp.

indiatimes.com2 Sep 2026

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