NRI deposits in Kerala increase by 12 per cent in 2016-17
Team Udayavani, Feb 10, 2018, 4:18 PM IST
Thiruvananthapuram: The inflow of NRI deposits to Kerala increased by 12 per cent during 2016-17 and stood at Rs 1,52,348 crore as on March 2017.
The total NRI deposits in the public sector banks as on March 2017 was Rs 83,855 crore and Rs 68,493 crore in the private sector banks, according to the Economic Review 2017 tabled in the state Assembly recently.
As on March 2016, the NRI deposit was Rs 1,35,609 crore, the review said.
The Kerala-based Federal Bank attracted more NRI deposits than the public and private sector banks, it noted.
The percentage share of the NRI deposits is 55.04 per cent in the public sector banks and 44.96 per cent in the private sector banks.
While the State Bank of India group attracted 33.52 per cent, other nationalised banks get 21.06 per cent of the total remittance, the review said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
MSEZ partners with Italy’s MIR Group for Rs 1,500 cr green facility
Sony India bags ACC media rights for eight years
Musk says X now top news app on App Store in India
Air India to offer integrated aircraft maintenance engineering programme
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
MUST WATCH
Latest Additions
Geethartha Chinthane 102: Self-development vs. self-contraction
Maharashtra assembly polls: Mahayuti leads in 146 seats, MVA ahead in 132
Vikram Gowda Encounter: Uneasy silence shrouds Peethabail
Kaziranga National Park to be centrepiece of 12th edition of ITM in Assam
Engineer dead, supervisor injured as wire rope snaps at metro site
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.