Introduction Companies in the financial sector in India including banks and NBFIs have created tremendous amount of value over the years. There is a good reason for that. As I have discussed in one of the previous articles as well, it is rare to find businesses which have high returns on capital and at the same time have ample opportunities to reinvest the capital at the same high returns in the core business. If such businesses exist they can be the dream compounding machines. Financials is one space where companies with good business models can do exactly that. This has been addressed in an article I read by Saumil Zaveri…