UBS projects India’s financial services profits rising at a 13% CAGR, almost doubling from ₹6.1 trn in FY25 to ₹11.3 trn by FY30.
Notably, NBFCs are expected to outperform traditional banks in growth trajectory.
The forecast signals expanding income across lending, investment, and distribution channels.
NBFCs' agility and digital reach could make them standout performers.
Banking investors may reallocate appropriately based on sectoral momentum.
The set-up reflects strong structural demand and credit penetration.
Financial infra and fintech may benefit from this tailwind.
Equity and debt markets alike may reprice sector plays opti
mistically.
The long-term thesis introduces NBFCs as core drivers in India’s financial growth story.
It underscores India’s transition toward diversified financial services leadership.