The slowdown in the non-banking and finance companies (NBFCs) sector — following the IL&FS crisis — will see hiring in the financial services sector taper off. The sector has grown at a blistering pace in the last 10 years — two lakh jobs are estimated to have been added in the last two years alone. Indeed, lenders had been building up their teams, recruiting at a rate of annualised 15% through H1 2018. But the addition to the headcount in 2019 could be less than 10%, says Randstad India MD and CEO Paul Dupuis, who points out the sector now faces several challenges. 

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