A man counts Indian rupee banknotes in an arranged photograph in Varanasi, Uttar Pradesh, India. (Photographer: Dhiraj Singh/Bloomberg)
India's financial services sector over the years have grown at 18 percent per annum on an average, and this growth is expected to continue across all verticals, said Rashesh Shah, chairman and chief executive officer at Edelweiss Financial Services.
Mounting non-performing assets on the books of Indian lenders creates opportunities for asset reconstruction companies, he told BloombergQuint in an interview.
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