SBI sees Rs 22 lakh crore household savings supporting India's fiscal health in FY25

State Bank of India has released a new economic research report, estimating that household financial savings could reach Rs 22 lakh crore in the financial year 2024–25. This would account for about 6.5 percent of India’s gross national disposable income (GNDI), showing a steady rise from 5.1 percent in 2023–24 and 4.9 percent the year before.

This increase in savings is seen as a good sign for the economy. According to SBI, a larger savings pool from households helps fund both government and private sector expenses and supports overall economic stability.

The report also focused on the Reserve Bank of India’s balance sheet. In 2024–25, the RBI’s balance sheet expanded by 8.19 percent, slightly slower than the country’s nominal GDP growth of 9.9 percent. A significant development was the RBI recently transferring a surplus of Rs 2.69 lakh crore to the central government. This extra money will give the government more room to spend without borrowing heavily.

On financial fraud, the report noted that the number of cases has come down, especially in card and online transactions. These dropped from 29,802 in 2023–24 to 13,516 in 2024–25. However, the total amount of money lost due to fraud rose sharply to Rs 36,014 crore, three times more than the previous year.