2019: Worst of times, best of times for Indian finance

Its no one-way street when Dewan Housing went into bankruptcy and NBFCs in general struggled. But the likes of Bajaj Finance, Kotak Mahindra Bank and HDFC Bank thrived. State -run banks, burdened by bad loans, are not out of the woods yet but ICICI Bank and Axis Bank also appear to have put their woes behind.