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That in turn makes deleveraging tougher because debt used to finance assets is harder to pay off without incurring losses.
G.E., based in Fairfield, Conn., is looking for a ninefold expansion of consumer finance assets in India within five years.
General Electric plans to seek its first Indian banking license this year and hopes to have more than $10 billion in consumer finance assets there by 2010.
Capstar, which has about 50 employees worldwide, advises clients on the best way to finance assets like heavy machinery, said a BNP Paribas spokeswoman, Agathe Heinrich.
According to figures from Hong Leong Islamic Bank, a financial institution in Kuala Lumpur, Islamic finance activity has been growing 14 percent per year, with Islamic finance assets exceeding $1.1 trillion in cumulative value in 2011.
The company has the equivalent of $1.3 billion in Indian consumer finance assets, and will make acquisitions to raise growth after 2009, when India may ease foreign ownership rules, Mr. Pandit said.
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He previously worked at Dresdner Kleinwort Wasserstein as managing director and global head of debt principal finance, asset-backed conduits and securitization.
He said measures ought to include restrictions on trade finance, asset freezing and action against banks holding funds for the regime in Tehran.
With French banks in the vanguard, they are offloading dollar-denominated assets.Among the sectors most exposed to this retreat are project finance, asset-based lending in shipping and aviation, and infrastructure funding.
RBS is No. 1 in Europe in leveraged finance, asset finance and private placements.
Holding company Renaissance Group, with consumer finance, asset management and private equity units, is one of Russia's top financial firms.
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