Flow · Companies → Banks and financial institutions
Companies' interest, dividends and premiums to financial firms
Value in 2023-24
₹10.77 lakh crore
3.7% of GDP
Gross flows can exceed GDP. GDP counts only final output once; the map also shows the inputs firms buy from each other and the money that passes through financial markets.
This amount adds up several entries of the accounts. The label for how its parts were made is the least certain kind of entry that carries at least 10% of the value:Set when the accounts were balanced so that every row and column adds up; the change was large enough to need an explanation.How the parts were madeThe sum itself is not held to a single published figure.
What it is
What companies pay financial firms: interest on loans and bonds, dividends and other distributed income, and non-life insurance premiums. Interest between sectors is estimated.
Trend
No annual series; only the 2023-24 SAM value exists.
What is inside
The entries that make up this flow, largest first.
| Item | Value | Label |
|---|---|---|
| Interest paid to financial firms (R5 · loans) Before → after balancing: ₹2.54 lakh crore → ₹2.55 lakh crore (0.2%) | ₹2.55 lakh crore | Estimated |
| Interest paid to financial firms (R5 · loans) Before → after balancing: ₹1.16 lakh crore → ₹1.84 lakh crore (59.4%) Why it moved: unexplained. Unexplained (fincorp-37, Checkpoint B). E_BANK <- E_NFPU R5 loans, 1,15,711 -> 1,84,502 (68,791, +59.5%; z 1.595; free medium; no constraint binds on it). Public NFCs' interest to banks and NBFCs is FSF stock x the scale… | ₹1.84 lakh crore | Set by balancing |
| Interest paid to financial firms (R5 · loans) Before → after balancing: ₹1.40 lakh crore → ₹1.28 lakh crore (−8.7%) Why it moved: explained. Explained. E_NBFC <- E_NFPR R5 loans, 1,40,249 -> 1,28,024 (-12,226, -8.7%; z 0.913; free medium; no constraint binds on it). E_BANK ran a -1,02,838 deficit and E_NBFC a 2,32,893 surplus in the prior (fincorp-2): FISIM l… | ₹1.28 lakh crore | Set by balancing |
| Interest paid to financial firms (R5 · loans) Before → after balancing: ₹75,865 crore → ₹1.10 lakh crore (45.2%) Why it moved: unexplained. Unexplained (fincorp-37, Checkpoint B). E_NBFC <- E_NFPU R5 loans, 75,865 -> 1,10,163 (34,297, +45.2%; z 1.452; free medium; no constraint binds on it). Public NFCs' interest to banks and NBFCs is FSF stock x the scaled … | ₹1.10 lakh crore | Set by balancing |
| Non-life insurance premiums and claims (R17 · premium) Before → after balancing: ₹61,523 crore → ₹63,922 crore (3.9%) Why it moved: explained. Explained. Cell E_INSP <- E_NFPR: 1,37,500 -> 1,52,810 (15,310, +11.1%; 5 entries). Largest moves: fincorp R5 nongov_bonds 7,028 (+17.0%); fincorp R8 distributed_income 3,912 (+17.0%); fincorp R17 premium 2,399 (+3.9%); … Held by: Net non-life premiums (D71) = claims (expected-claims approach), band 1% as the claims (fincorp-33, audit BS-1; was 5%) | ₹63,922 crore | Set by balancing |
| Dividends and distributed income of companies (R8 · distributed_income) Before → after balancing: ₹85,934 crore → ₹59,664 crore (−30.6%) Why it moved: explained. Explained. E_NBFC <- E_NFPR R8 distributed_income, 85,934 -> 59,666 (-26,268, -30.6%; z 0.694; free low; no constraint binds on it). Private NFCs' old-base distributed income and dividends (D2-21, fincorp-27) are split o… | ₹59,664 crore | Set by balancing |
| Interest paid to financial firms (R5 · nongov_bonds) Before → after balancing: ₹41,355 crore → ₹48,387 crore (17.0%) Why it moved: explained. Explained. E_INSP <- E_NFPR R5 nongov_bonds, 41,355 -> 48,383 (7,028, +17.0%; z 1.170; free low; no constraint binds on it). E_INSP ran a -1,21,568 deficit because its SAM investment income (FSF stocks x rates) is 1,38,4… | ₹48,387 crore | Set by balancing |
| Interest paid to financial firms (R5 · nongov_bonds) Before → after balancing: ₹33,185 crore → ₹41,481 crore (25.0%) Why it moved: explained. Explained (bounded). E_INSP <- E_NFPU R5 nongov_bonds, 33,185 -> 41,481 (8,296, +25.0%; z 1.250; free low; binding: r5.insp_bonds.e_nfpu (target 33,185, balanced 41,481, at its upper edge)). E_INSP ran a -1,21,568 defici… Held by: Insurers' interest on E_NFPU bonds near FSF stock x coupon (band 25%) | ₹41,481 crore | Set by balancing |
| Dividends and distributed income of companies (R8 · distributed_income) Before → after balancing: ₹38,963 crore → ₹39,330 crore (0.9%) | ₹39,330 crore | Estimated |
| Interest paid to financial firms (R5 · nongov_bonds) Before → after balancing: ₹39,221 crore → ₹39,312 crore (0.2%) | ₹39,312 crore | Estimated |
| Dividends and distributed income of companies (R8 · distributed_income) Before → after balancing: ₹23,019 crore → ₹26,932 crore (17.0%) Why it moved: explained. Explained. E_INSP <- E_NFPR R8 distributed_income, 23,019 -> 26,930 (3,912, +17.0%; z 1.170; free low; no constraint binds on it). Private NFCs' old-base distributed income and dividends (D2-21, fincorp-27) are split ove… | ₹26,932 crore | Set by balancing |
| Non-life insurance premiums and claims (R17 · premium) Before → after balancing: ₹15,546 crore → ₹16,323 crore (5.0%) Why it moved: explained. Explained (bounded). Cell E_INSP <- E_NFPU: 51,324 -> 61,382 (10,058, +19.6%; 3 entries). Largest moves: fincorp R5 nongov_bonds 8,296 (+25.0%); fincorp R8 dividends 985 (+38.0%); fincorp R17 premium 777 (+5.0%). E_INSP … Held by: R17 premiums of payer E_NFPU near its prior (D71 = D72 by line; band 5%); Net non-life premiums (D71) = claims (expected-claims approach), band 1% as the claims (fincorp-33, audit BS-1; was 5%) | ₹16,323 crore | Set by balancing |
and 16 more entries
Sources
- SEBI Handbook of Statistics on Indian Securities Market 2025-26 (per-table XLSX)SEBI. Table Table 72. Retrieved 2026-09-29.
- IRDAI Handbook on Indian Insurance Statistics 2024-25Insurance Regulatory and Development Authority of India. Table Table 44, Summary Table C, Table 51, Table 24, Table 25. Retrieved 2026-09-29.
- National Accounts Statistics 2026 (new base 2022-23), per-statement XLSXNational Accounts Division, NSO, MoSPI. Table Statement 7.1B, Statement 1.13, Statement 7.1C, Statement 8.15.1, Statement 7.1A, Statement 8.12, Statement 1.9, Statement 6.1. Retrieved 2026-09-29.
- RBI Annual Report 2025-26 (incl. RBI accounts, appendix tables)Reserve Bank of India. Table Schedule 13, Schedule 14, Income Statement. Retrieved 2026-09-29.Link withheld until RBI grants permission (ISSUES P1-9)
- Household Consumption Expenditure Survey 2023-24 (NSS Report 592): report, factsheet, Excel detailed tablesNSO, MoSPI. Table Table A10F, Table A2. Retrieved 2026-09-29.
Notes on this figure
- Balancing moved this and the reason is not yet documented
- Direction explained, level not
- Estimated with the old-base (2022-23 NAS) structure
- Uses a stated assumption; method one click away