Liquidity crisis casts shadow: NBFC top execs move out to join banks, fintech

KOLKATA | MUMBAI: Several senior professionals in the nonbanking finance space have quit over the past year and hundreds more are on the lookout for openings elsewhere as the sector reels under a liquidity crunch.

The departures have halted the trend of banking talent moving to NBFCs, with many top-tier executives, including CXOs, having moved back to — or searching for — safer avenues in fintech, banking, financial services and insurance (BFSI), entrepreneurship/ consulting or even bigger, well-capitalised NBFCs, according to at least half-a-dozen hiring firms.