NBFCs are outperforming banks in 2025, driven by the RBI’s surprise rate cut, improved credit trends, and regulatory support. Lower borrowing costs and stronger margins are benefiting gold and vehicle financiers. Key gainers include Aditya Birla Capital, L&T Finance, and Poonawalla Fincorp, with YTD gains exceeding 50%.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets