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Business of finance hits a new high in India
Lending and borrowing money is now India's fastest-growing segment, and the successful industry and lenders are the latest darlings of equity investors. The share of banks and non-banking finance companies (NBFCs) in the total market capitalisation of all listed companies is now at an all-time high, as manufacturing companies and non-financial services such as information technology (IT) battle demand slowdown. Banks and NBFCs, including insurance companies, now account for 22.3 per cent of the combined m-cap - the highest in at.
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