New Delhi, Dec 9 || India's financial sector outperformed major global peers with broadly positive outcomes amid geopolitical tensions, tariff wars and supply‑chain disruptions, showcasing resilience and stability, a report said on Tuesday.
Financial services sector recorded mixed year marked by growth, regulatory shifts, and sustained digitisation efforts across the ecosystem, said the report from Grant Thornton summarising how the sector fared in CY25.
The financial sector saw accelerated credit growth of around 20 per cent led by NBFCs, with retail loans, MSME financing and specialised credit such as gold and vehicle loans contributing substantially, while banks maintained steady growth in retail and MSME lending.
MFIs and smaller NBFCs faced profitability pressures, alongside macroeconomic challenges such as interest rate volatility and inflation, the report added.
Co-operative and urban co-operative banks continued to confront governance, technology, and compliance gaps.