Treading the minefield: RBI should reform NBFCs, infuse liquidity

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Treading the minefield: RBI should reform NBFCs, infuse liquidity

It's a minefield out there. All it needs is one more finance company failing to roll over borrowing;another grim reminder from a righteous Reserve Bank of India official that shadow banks should be cut to size;or, a  handful of corporate treasurers pulling out money from liquid mutual funds after waking up onn the wrong side of the bed. A choppy week has given way to a Monday morning of nervous calm.