BFSI forms larger pie of corporate profits in India than US, Europe

The global banking, financial services, and insurance (BFSI) industry over the past year has seen a significant increase in revenues and net profits. This surge is largely due to rising lending rates and an expansion in the net interest margins of banks and non-bank lenders. 

As a result, BFSI firms have become major contributors to corporate earnings in many economies. India’s corporate earnings performance is particularly dependent on the BFSI sector, more so than most other major economies, with the exception of China.

In India, the BFSI sector now accounts for nearly 35 per cent of total corporate profit. This is higher