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Deposits made by the non-resident Indians (NRIs) in the Kerala banks has grown from Rs.29,889 crore in March 2008 to a record high of Rs.37,019 crore as on March 31, 2009. This information was told by the State Level Bankers Committee (SLBC).
The data pertaining to this was revealed at the 99th meeting of SLBC that took place here Thursday.
The total amount that is present in all banks in the state from these deposits have gone up from Rs.105, 488 crore in March 2008 to Rs.130, 350 crore in March 2009.
The State Bank group has bagged the highest of the shares with 42.62 percent of the total NRI deposits with Rs.15, 779 crore.
Private sector, which received Rs.10, 316 crore, stands second, while the other nationalised banks account 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 who have settled outside the country of which close to 90 percent are in the Middle East.
