THIRUVANANTHAPURAM: The total NRI deposit in Kerala is Rs 1,68,993 crore as on March 2018.
The NRI deposits in public sector banks is Rs 90,461 crore and in private sector banks Rs 78,532 crore, according to the data furnished by State Level Bankers Commitee (SLBC). This was disclosed in the Economic Review 2018 tabled in the Assembly on Wednesday.
The inflow of NRI deposits increased 11.5 per cent from Rs 1,52,349 crore in March 2017 to Rs 1,69,944 crore in March 2018. Domestic deposits grew 7 per cent in March 2018 to Rs 2,75,457 crore from Rs 2,58,143 crore in March 2017. With 56.23 per cent share of NRI deposits, Federal Bank remains in the first position among the public and private sector banks.
The percentage share of the NRI deposit in public sector banks is 35.6 per cent and 45.07 per cent is in private sector banks. Among public sector commercial banks, State Bank of India has the highest NRI deposit base of Rs 54,573 crore.
