[SHANGHAI] China disposed of around 2 trillion yuan (S$389.2 billion) in non-performing loans over the whole of last year amid a national campaign to restrict high-risk lending, the country's...

[NEW DELHI] Chinese smartphone maker Xiaomi Corp launched its online lending service in India on Tuesday, widening its offering of financial products in one of the world's biggest Web services...

[NEW DELHI] India's federal government wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country's top 25 shadow lenders and revive the financial sector, a...

[SINGAPORE] India's shadow banking crisis has sucked in more financial firms this week, eroding a stock market rally that's been driven by a surprise US$20 billion tax cut package.

A PROLONGED shadow-banking crisis and hurdles in bankruptcy rules are set to keep India atop the world's worst bad-debt pile, even as Italy, which held the title previously, quickens the clean-up...

[MUMBAI] Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning - not...

[MUMBAI] India's shadow lenders are facing a fresh threat, just as they were starting to recover from the fallout of landmark defaults last year by one of their own.

[SHANGHAI] China's cleanup of its shadow-banking system is fuelling a record number of liquidations in its US$1.9 trillion mutual fund market.

KARAN Dua, an electronics shop owner in south-central Mumbai, placed his hope of crackling sales on Diwali - the Hindu festival of lights when Indians splurge on everything from clothes to cars...

[LONDON] Hedge funds and other alternative investments will no longer be dubbed "shadow banks" by global regulators, lifting a pejorative label which has stuck to the US$45 trillion sector since...