User Login Signup Now
Username :
Password    :
Forgot Password?

NRI deposits in Kerala banks touch record high

Thiruvananthapuram, June 25

Deposits by non-resident Indians (NRIs) in Kerala banks grew from Rs.29,889 crore in March 2008 to a record high of Rs.37,019 crore as on March 31, 2009, according to the State Level Bankers Committee (SLBC).

This was revealed at the 99th meeting of SLBC that took place here Thursday.

The total deposits in all banks in the state have gone up from Rs.105,488 crore in March 2008 to Rs.130,350 crore in March 2009 .

The State Bank group bagged the highest share - 42.62 percent - of the total NRI deposits with Rs.15,779 crore.

Private sector, which received Rs.10,316 crore, came second, while other nationalised banks accounted for 27.68 percent with Rs.10,249 crore.

The committee said the NRI deposits peaked earlier in March 2007 at Rs.33,330 crore, but fell in 2008 to Rs.29,889 crore.

There are more than two million Keralites settled outside the country of which close to 90 percent are in the Middle East.

Last updated on Jun 25th, 2009 at 16:15 pm IST--IANS


Possibly related news:
Enter Your Name and Email below and Post your comment
NameEmail:
Comment:
News Search

Other News Headlines

Naidu threatens to stop movement of illegally mined iron ore
Hyderabad, Nov 21

The Telugu Desam Party (TDP) Saturday threatened to stop transport of iron ore in Anantapur district of Andhra Pradesh after a central empowered committee appointed by the Supreme Court slammed illegal mining activity by a firm owned by Karnataka Tourism Minister G. Janardhan Reddy on the Andhra-Karnataka border.

Harassment, shop-lifting common at trade fair
New Delhi, Nov 21

“Do I look like an animal or am I just different?” Kelly Intasorn, an exhibitor from Thailand at the India International Trade Fair here, asked. She is fed up of men phtographing her.

CII business delegation in US as part of PM's visit
New Delhi, Nov 21

Coinciding with Prime Minister Manmohan Singh's state visit to Washington, a high-level business delegation of the Confederation of Indian Industry (CII) is in the US to push economic ties between the two countries.

Top Indian hospitals woo medical tourism from Canada (With Image)
Toronto, Nov 21

India has launched a big initiative to woo medical tourism from Canada, showcasing the country's high-end and much cheaper healthcare industry to Canadians.

Sensex nudges past 17,000-mark, adds one percent (Weekly Market Review)
Mumbai, Nov 21

Benchmark indices of Indian equities markets struggled to add significant gains this week, even as conditions remained uncertain in economies and bourses around the world.

Recently Commented Articles

Sun TV Network to launch new game show
i am very interested to participate in deal or no deala for registration procedure please call...
jerin on 21/11/09 at 02:58 pm

Five killed in private jet crash near Minsk
your service is very modern and development Russian world
usa private jet service on 21/11/09 at 02:34 pm

India-Bangladesh couple seeks intervention to stay united
please read this
zubair on 21/11/09 at 02:22 pm

India-Bangladesh couple seeks intervention to stay united
please read this
zubair on 21/11/09 at 02:19 pm

At least 26 dead in fresh Iraq violence (Lead)
Only god knows when will end ?marryasunni.com
sunny on 21/11/09 at 01:57 pm

Latest Forum Topics

When We Do Not Know How to Pray!
[FONT="Arial"]Late one evening, a poor farmer on his way back from the market found himself without...
21/11/09 at 02:20 pm< | 0 Comment(s)

Intelligent people
[COLOR=Navy]thats tru i guess. and that seems to be the reason we see so many stories that pictures...
21/11/09 at 02:17 pm< | 4 Comment(s)

The Star Fish Story
[FONT="Arial"]Once a man was walking along a beach. The sun was shining and it was a beautiful day....
21/11/09 at 02:11 pm< | 0 Comment(s)

Ageing parents - Things 1 need to know for an emergency
[quote=bindunair;3721][FONT=Arial][FONT=Arial] [LIST] [*]It only takes a few minutes to collect and...
21/11/09 at 02:07 pm< | 3 Comment(s)

Risks
[FONT="Arial"]To laugh is to risk appearing the fool, To weep is to risk appearing...
21/11/09 at 01:58 pm< | 0 Comment(s)

Thought of the day!
All life is an experiment. The more experiments you make the better.
21/11/09 at 01:54 pm< | 85 Comment(s)

Word association game..
Doctor
21/11/09 at 01:52 pm< | 145 Comment(s)

Change 1 Letter..
Nail -> Mail Is rearranging the letters allowed?
21/11/09 at 01:51 pm< | 125 Comment(s)