Deposits of non-residents (NRs) in Kerala banks have crossed Rs 1 lakh crore in the last fiscal, said a state level bankers committee (SLBC) report released here on Monday.
NR deposits in Kerala banks have been growing over the years. From Rs.66,190 crore in March 2013, these climbed to Rs.93,883 crore by March 31, 2014, and further to Rs 1,09,603 crore in the last fiscal, the report said.
Kerala's State Bank of Travancore (SBT) was leading with deposits of Rs 26,613 crore by the state's immigrants, followed closely by Federal Bank with Rs 23,214 crore.
The State Bank of India has a total NR deposit of Rs 14,456 crore.
One interesting aspect of non-resident deposits is that NR deposits in all 21 nationalised banks in the state add up to Rs 23,203 crore, less than such deposits with the SBT and the Federal Bank considered separately.
NRI deposits in Kerala banks cross Rs 1 lakh crore - The Times of India
NR deposits in Kerala banks have been growing over the years. From Rs.66,190 crore in March 2013, these climbed to Rs.93,883 crore by March 31, 2014, and further to Rs 1,09,603 crore in the last fiscal, the report said.
Kerala's State Bank of Travancore (SBT) was leading with deposits of Rs 26,613 crore by the state's immigrants, followed closely by Federal Bank with Rs 23,214 crore.
The State Bank of India has a total NR deposit of Rs 14,456 crore.
One interesting aspect of non-resident deposits is that NR deposits in all 21 nationalised banks in the state add up to Rs 23,203 crore, less than such deposits with the SBT and the Federal Bank considered separately.
NRI deposits in Kerala banks cross Rs 1 lakh crore - The Times of India
