SBI Projects Household Net Financial Savings to Reach ₹22 Lakh Crore in FY25

According to the latest economic research report by the State Bank of India (SBI), India’s household net financial savings could reach ₹22 lakh crore, or 6.5% of Gross National Disposable Income (GNDI), in the financial year 2024–25. This would mark a significant improvement from the previous year, indicating stronger macroeconomic fundamentals and household confidence. The report also covers RBI’s balance sheet trends, the impact of its ₹2.69 lakh crore surplus transfer, and key observations on fraud incidents in the financial system.

Why in News?

SBI has released its latest economic research report analyzing key financial indicators. It projects a sharp increase in household net financial savings in FY 2024–25. Highlights RBI’s surplus transfer, fraud trends, and overall financial system resilience.

Key Projections and Trends

• Net Financial Savings Estimate (FY25): ₹22 lakh crore (approx. 6.5% of GNDI)
• Previous Fiscal (FY24): 5.1% of GNDI
• FY23: 4.9% of GNDI
• This shows a consistent upward trend in household financial savings post-pandemic.

Significance of Growing Financial Savings

Provides a critical capital pool for,

• Funding government fiscal deficits
• Supporting corporate investments
• Enhancing macroeconomic stability

RBI Surplus and Balance Sheet

• Surplus transferred to Government: ₹2.69 lakh crore (record high)
• RBI’s Balance Sheet Growth (FY25): 8.19%
• Nominal GDP Growth Comparison: 9.9%
• Surplus influenced by RBI’s forex interventions and rupee volatility management

Trends in Financial Frauds

Total fraud amount in FY25: ₹36,014 crore (Tripled, despite fewer cases)

Card & Internet fraud cases,

• FY24: 29,802
• FY25: 13,516 (Sharp decline)
• Indicates rising sophistication and scale of frauds despite falling incidence

Macro Assessment

• SBI concludes that India’s financial system is at a crossroads, balancing resilience with transformation amid evolving global and domestic challenges.