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Job losses mount in NBFC sector, a major recruiter, as lending plummets


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The office of a non-banking finance company (NBFC) in Bandra, Mumbai, wears a near-deserted look. There are only a few customers in the room, and the lone executive at the service desk tells you that the company has stopped giving new loans.

There has been a number of internal transfers, some employees have been asked to 'take a break’, and the branch has seen its sales staff whittled down by over 75 per cent, he ...


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