Wednesday, 23 September 2015

Kerala banks have over Rs.1 lakh crore NRI deposits

Now thats a looot of money... The economic situation in Gulf is not so robust, but looks like it has not affected the Malayalees. 
The deposits made by Non Residents (NR) in Kerala banks crossed the Rs.1 lakh crore mark by June 30 this year, according to a report released here on Tuesday.
The State Level Bankers Committee report said the total deposit was Rs.1,17,349 crore -- an almost 25 percent jump from Rs.94,097 crore as on June 30, 2014.
Read the full Business Standard report here

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