Financial sector companies seem to actually be doing better than they have in the past few years. Of the 2159 companies considered in this analysis, non-financial companies accounted for 80% of total revenues in 2018-19. Among this, financial sector companies had a share of 21.5% in employment, while non-financial sector companies had 78.5%. This means that the non-financial sector is what matters from the perspective of mass income and employment. Growth in inflation adjusted salary expenses for non-financial sector companies in the September 2019 quarter was -0.7%.

Source: Hindustan Times January 25, 2020 22:59 UTC