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NRI deposits growth in Kerala banks slows

Posted By: Doraiah Vundavally October 5, 2017

NRI deposits growth in Kerala banks slowsThiruvananthapuram, Oct 5 (IANS) Though the total Non-Resident Indian (NRI) deposits in Kerala banks for the 12 month period grew from Rs 1,42,668 crore in June 2016 to Rs 1,54,252 crore on June 2017, the rate of growth fell from 22 per cent to eight per cent, data shows.

The figures were released on Thursday at the quarterly meeting of the State Level Bankers Committee meeting held here.

According to the figures, the total NRI deposits in the 6,339 branches of various commercial, scheduled and private banks stood at Rs 1,17,349 crore in June 2015, and grew to Rs 1,42,668 crore in June 2016 and to Rs 1,54,252 crore in June 2017.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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NRI deposits growth in Kerala banks slows

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.