Hiring activity in the non-banking financial companies (NBFC) sector is likely to expand by up to 35-40% in the next 12 months, driven by rising innovation and growth, according to industry experts.
The ability of the NBFCs to tap ‘unbanked’ customer base at a time when the banks are facing headwinds coming out of the NPA mess is driving the growth in the sector, they explained.
TeamLease head, recruitment services, Ajay Shah told PTI that as banks are struggling to come out of the non-performing assets (NPAs), NBFCs are in a sweet spot of growing consumer demand.
“Ability to tap the unbanked customer base is the key reason behind this growth,” he said.
