• SBI projects household net financial savings to reach Rs 22 lakh crore, or 6.5 percent of GNDI, in FY25, up from 5.1 percent in FY24.
• The report highlights RBI’s surplus transfer of  Rs 2.69 lakh crore as a boost to fiscal space and macro stability.
• While fraud cases declined in number, the total defrauded amount tripled to R36,014 crore in 2023-24.

State Bank of India in its latest economic research report mentioned that based on the current trends, net financial savings of household sector may touch Rs 22 lakh crore, or 6.5 per cent of gross national disposable income (GNDI) in the financial year 2024-25. Net financial savings in 2023-24 stood at 5.1 per cent of GNDI, an increase from 4.9 per cent in the previous fiscal, the report added. It said the rise in the capital pool has important implications for financing both government and corporate deficits as well as supporting macroeconomic stability .

According to the report, "In summary, India's financial system stands at the crossroads, resilient and transformative”. 

According to the report on the behavior of RBI surplus, the measures taken by the reserve bank to limit the rupee asset volatility have played a major role in determining the earning quantum. The RBI balance sheet was expanded by 8.19 percent in fiscal 2024-25 compared to the 2024-25 nominal GDP growth of 9.9 percent.   

The report said the Rs 2.69 lakh crore surplus amount of RBI that are transferred to the government would improve the fiscal space. The report pointed out that, while the number of fraud incidents has decreased, the amount of defrauded had tripled to Rs 36,014 crore. The value of card and internet fraud was seen to significantly reduce in volume to 13,516 from 29,802 during 2023-24.