💨 Abstract
The BFSI sector in India has witnessed a 50x surge in market capitalization over the last two decades, with a CAGR of 22%. Banks still form the backbone but their share has dropped to 57%, due to the rise of NBFCs and fintech firms. Fintech sector market cap is now over Rs 12 trillion.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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