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Several of the best-known bankers in the country’s financial capital, Mumbai, are striking out on their own after one of the most turbulent periods in decades for the country’s credit markets.
The moves highlight how mounting strains in the country’s markets are reshaping traditional career paths. Banks have been in cost cutting mode as they grapple with one of the world’s worst non-performing loan ratios, and shock defaults since last year by shadow bank IL&FS group have added to a crisis of confidence.
While hitting a glass ceiling in their organisations can cause senior bankers anywhere to branch out, the recent moves
