Banking sector profitability strengthened and asset quality improved in FY25, reaching a multi-decadal low GNPA ratio of 2.2%. Banks significantly increased sales of stressed assets to ARCs, with private and foreign banks leading the trend. Non-bank lenders, including NBFCs and HFCs, also reported growth and improved profitability.
India valuations hit 6-year low, but stocks still expensive than EM peers
India’s equity valuations have reached their lowest levels in six years after a recent market decline. Factors contributing to this decline include foreign selling, a
October 26, 2026