NBFCs vs Bank: NBFCs credit growth hits 20% in FY25; MFIs see 95% profit plunge as sector expands sharply

Non-banking financial companies (NBFCs) outpaced commercial banks in credit growth during fiscal year 2025, clocking a sharp 20% increase compared to the banking sector’s 12% rise, according to a report by the Boston Consulting Group (BCG).The surge was largely driven by the Gold NBFC segment, […]