The NBFC crisis of 2018 is completing 5 years, it was by this time of year that ILFS had started making it to headlines. If one looks at the root cause of the NBFC crisis, it is clear, beside the lending issues by Yes Bank, it was housing finance companies which were at the centre of the crisis.
If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam. One of the reasons why this
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