NEWS & ADVICE : FIXED DEPOSITS
Stagnant NRI deposits a concern in Malappuram district
By Neelima Shankar
Jul 1, 2011
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Banks in Mallapuram district of Kerala are facing a stagnation in the non resident Indian (NRI) deposits which happens to be the maximum in this category for the whole of Kerala.

The deposits worth Rs 2522 crores stayed stagnant for the fiscal last ended.

The banks in the district booked only Rs 71 crore worth growth in last fiscal as compared to Rs 8,421 crore in 2009-10 to Rs 8,492 crore.

The credit deposit ratio in the banks there also increased from 64% to 82%.


 


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