More Indians now invest in equities as financialisation of household savings rises: SBI

June 30, 2025 12:09 PM

More Indians now invest in equities as financialisation of household savings rises: SBI

The financialisation of household savings in India has gained significant momentum, with the share of equities in household savings rising from 2.5 per cent in FY20 to 5.1 per cent in FY24, according to an SBI Research report released on Monday. The report noted that the Indian credit market is witnessing structural shifts, with headline bank credit growth figures potentially masking underlying trends. It added that, going forward, the sources of credit origination through bank deposits—prima...

Number of credit cards more than doubled to 10.8 crore in 5 years, transactions surge: RBI

January 28, 2025 12:12 PM

Number of credit cards more than doubled to 10.8 crore in 5 years, transactions surge: RBI

The number of credit cards has more than doubled to around 10.80 crore at the end of December 2024, compared to December 2019 when there were 5.53 crore cards in circulation, according to a new RBI report. In contrast, number of debit cards has remained relatively stable, with a marginal increase from 80.53 crore in December 2019 to slightly more than 99.09 crore in December 2024. A similar growth trajectory is witnessed in card transactions as well, said the RBI report. During CY2024, there w...