Pure financial savings estimate to reach 22 lakh crores in this financial year: SBI Research

SBI Research: In FY 2024-25, pure domestic financial savings can reach Rs 22 lakh crore or 6.5 percent of the GDP qualified income (GNDi). This has been said in the report of State Bank of India SBI) based on the current trends. In FY 2023-24, net financial savings were 5.1 percent of GNDI as against 4.9 percent in 2022-23.Also Read: SBI, PNB and other banks gave adamant, enough cash in ATM and they completely smooth

RBI’s books increased by 8.19 percent: SBI Research report said that such capital government and company are important for funding deficit and comprehensive economic stability. Referring to the RBI surplus, the report said that the central bank’s efforts to control the instability of the rupee were a major factor in determining its quantity. In FY 2024-25, RBI’s book and increase of 8.19 percent of the books, which is less than 9.9 percent of the GDP (GDP) growth at market price.Also Read: SBI’s profit declined by 10 percent to 18,643 crore in the March quarter, NPA decreased to 1.82 percent of the total debt

2.69 lakh crore rupees surplus amount transferred to the government: The report said that the surplus amount of Rs 2.69 lakh crore of RBI has been transferred to the government, which will improve the fiscal situation. It said that there has been a decrease in fraud cases, but the amount of fraud has been 36,014 crore rupees. On the other hand, fraud cases through cards and internet were reduced from 29,802 in 2023-24 to 13,516 in 2024-25. The report said that in short, India’s financial system stands at the mouth of strength and change. (Language)

Edited by: Ravindra Gupta