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S&P flags concerns over financial sector

NEW DELHI: The Indian financial sector is facing rising risk of contagion and failure of any large finance company will adversely impact economic growth, S&P Global Ratings said in a report on Wednesday.



New Delhi: The Indian financial sector is facing rising risk of contagion and failure of any large finance company will adversely impact economic growth, S&P Global Ratings said in a report on Wednesday. According to the report, a bank failure could disrupt interbank market, payments, hurt credit availability and adversely affect economic growth. PTI

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