 "NBFC")
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.
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