Bank stocks vs NBFC stocks: Look who's racing ahead in rate cut cycle

NBFCs are outperforming banks in 2025, driven by the RBIs surprise rate cut, improved credit trends, and regulatory support. Lower borrowing costs and stronger margins are benefiting gold and vehicle financiers. Key gainers include Aditya Birla Capital, L&T Finance, and Poonawalla Fincorp, with YTD gains exceeding 50%.