New Delhi -°C
Today in New Delhi, India

Oct 24, 2019-Thursday



Select city

Metro cities - Delhi, Mumbai, Chennai, Kolkata

Other cities - Noida, Gurgaon, Bengaluru, Hyderabad, Bhopal , Chandigarh , Dehradun, Indore, Jaipur, Lucknow, Patna, Ranchi

Thursday, Oct 24, 2019

NRI deposits increase in Kerala bank

NRI deposits in a Kerala's bank have increased by 9.14% to touch Rs 85.95 billion ($2 billion) in the last fiscal.

india Updated: May 24, 2007 16:32 IST


NRI deposits in Kerala's State Bank of Travancore (SBT) have grown by 9.14 per cent to touch Rs.85.95 billion ($2 billion) in the last fiscal.

Total deposits have also grown from Rs.259.97 billion in 2005-06 to Rs.309.84 billion in 2006-07 and total business currently stood at Rs.560 billion, Chairman and Managing Director K Sitaraman told reporters on Thursday.

Net profit of the bank has grown from Rs.2.5 billion to Rs.3.2 billion, he said.

SBT, which has 704 branches including 572 in Kerala, is a major player in the NRI market and has rupee drawing arrangements with 20 exchange houses in the Middle East.

First Published: May 24, 2007 15:46 IST

top news