The report showcases the unprecedented transformation underway in the Indian Banking, Financial Services, and Insurance (BFSI) sector and highlights Kerala as a dynamic and increasingly business friendly destination influencing the national financial landscape through innovation, inclusion, and sustainability. The report also tries to query areas where developments still need accelerating, or fresh thinking might be required to make the dimensional move ahead.
The BFSI sector in India has surged to a valuation of ₹91 trillion in 2025, powered by digital infrastructure advancements like UPI, Aadhaar, and Account Aggregators. Kerala’s financial ecosystem, known for its strong cooperative banking heritage and innovative NBFCs, is a microcosm of this national evolution. Home to India’s leading gold loan NBFCs and prominent NRI banking institutions, Kerala is setting benchmarks that resonate across the country.