Non-banking financial companies (NBFCs) are recruiting in droves and scooping up talent from competitors long considered a notch or two above. According to industry estimates, 60-70 per cent of the NBFC hires in the last year are from the banking industry.
And there is a good reason for that. While banks are struggling to come out of the bad loan mess, NBFCs are in a sweet spot of rising consumer demand, strong rural cash flows and growth in commercial vehicles and housing finance. What is more, chucking a banking job for a domestic NBFC is not a taboo any more. ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Tue, May 08 2018. 22:59 IST
