A report by SBI highlighted that bank deposits as a share of household financial savings have declined from 38.7 per cent in FY24 to 35.2 per cent in FY25. To encourage savings through the banking system, SBI suggested tax relief measures for depositors

Five LIC-owned buildings see ceiling, slab collapses in two months; terrified residents caught in bureaucratic tangle say concerns about their well-being are falling on deaf ears