Non-bank lenders and home financiers are not relying on commercial papers to raise funds after IL&FS defaulted last autumn. The wreck in the financial system prompted mutual funds and asset management companies to restrict their exposure to these categories of financiers. Asset managers increased their share of Certificates of Deposit to 15.6% from 11.9%.from Banking/Finance-Industry-Economic Times https://ift.tt/2ssnENP
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