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Despite Covid, Kerala banks see massive growth in NRI, domestic deposits

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Despite Covid, Kerala banks see massive growth in NRI, domestic deposits

In the last fiscal year, Kerala Bank’s NRI deposits increased by 10%, although the crisis after the pandemic resulted in the return of hundreds of thousands of foreigners. During the same period, domestic deposits also increased by 12%. According to the data provided by the State Bankers Committee for the 2020-21 fiscal year review held last week, as of March 31, the NRI deposits of banks across Kerala reached Rs 2,296.36 crore, and the corresponding day in 2020 was 2 086.98 billion trillion US dollars.

A similar growth pattern was reported for the 2019-20 fiscal year-10%. At the same time, as of March 31, domestic deposits have reached 3727.8 billion rupees, compared with 33567.4 billion rupees in the same period in 2020. NRI deposits are foreign currency deposits deposited by non-resident Indians in Indian banks. NRI deposits are different from remittances.

Remittances are foreign currency funds remitted by NRI to their family members, not remitted back to China like NRI deposits. In the past year, one million people who returned to Kerala from abroad-most of them from the Middle East-cited unemployment as a reason for their return to the country. People are worried that the return of expatriates will affect the state’s economy, because the money sent by expatriates is regarded as the lifeline of Kerala’s economy.

Despite the crisis caused by the pandemic, there are several reasons for the increase in NRI deposits in Kerala. Senior banker S Adikesavan said: “The NRI returning after the pandemic may have transferred its deposits in foreign accounts to banks in the country or the state.

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At home, due to the blockade, transactions such as real estate are almost zero, which ensures These NRI deposits are still in the bank.”

News Source : The Indian Express

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Jennifer Lopez ‘let go of her’ high-heeled ego while working with Ben Affleck

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Jennifer Lopez ‘let go of her’ high-heeled ego while working with Ben Affleck

As Jennifer Lopez navigates her separation from Ben Affleck, she prioritizes her career, notably in the film Unstoppable.

Jennifer Lopez has “let go of her ego” to prioritise her career and personal growth as she navigates her separation from Ben Affleck.

The 55-year-old actress and singer, during an interview with Amazon/MGM, opened up about working on the upcoming film Unstoppable, a project she co-starred in while estranged from her husband.

“It was an honour to be a part of Anthony [Robles] and to play Judy,” Jennifer shared. “I approached the role with a complete lack of ego where you have to go in there and have so much respect for the person you are playing because it’s her story.”

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“I disappeared, there was no Jennifer, no J. Lo. That person on the screen is just Judy. Luckily, I got to spend time with her and see who she was alone and as a mother.”

ALSO READ| Jennifer Lopez ‘secretly falling in love with bodyguard’ following the split with Ben Affleck

Affleck praises Lopez’s ‘spectacular’ performance

Affleck and Matt Damon produced the film, which tells the inspiring story of 36-year-old wrestler Anthony Robles.

JLo portrays Judy Robles, Anthony’s mother. Affleck also highly praised Jennifer’s performance, calling her “spectacular.”

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“Unstoppable is a very different movie than [Small Things Like These], but in a way it’s similarly rooted in the passion of really talented artists,” Ben told Entertainment Toninght just couple of weeks back. “Billy Goldenberg and Jennifer and Don Cheadle and Jharrel and Bobby Cannavale – all of whom were really passionate about this film.”

After reuniting and marrying in 2022, Jennifer filed for divorce in August 2024. Reports of marital struggles, including living separately, surfaced months before the filing.

“He’s focusing on his work and his kids now,” an insider told InTouch Weekly. “Ben already moved out … They’ll never stop loving each other, but she can’t control him, and he can’t change her.”

ALSO READ| Jennifer Lopez gives fresh sneak peek at her lavish $68 million Bel Air mansion

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Jennifer told Interview Magazine, “I was thinking about this time in my life, and I’m like, ‘That’s not what I thought it was going to turn out like.’ And then I thought, ‘No, this is exactly where I needed to be.’”

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