A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap

A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap


The challenge then is to work out how to cut needless friction in the system without weakening safeguards

​[SINGAPORE] In a rented room above Norris Road in Singapore’s Little India district, a man named Raju Krishnamoorthi quietly processed more than S$28 million in just three months, from February to April 2025.




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