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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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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”

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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”

Kangana Ranaut has denied speculations about joining politics solely due to the box office failure of her films.

Kangana Ranaut, the BJP’s Lok Sabha candidate from Mandi for the 2024 elections, expressed gratitude towards Prime Minister Narendra Modi for her political entrance. In an interview with Times Now, she questioned whether she joined politics due to her movies’ poor box office performance, comparing it to Shah Rukh Khan’s previous unsuccessful films.

Reacting to her films’ box office failure, Kangana Ranaut

Kangana responded to a question about her career, stating that she has never had a flop. She compared Shah Rukh Khan’s films to Pathaan, Queen, and Manikarnika, noting that if she had a flop in Emergency, it would be a big hit. Kangana compared her career to Shah Rukh Khan, who had consecutive flops for ten years. She also mentioned that she had not had a single hit for 7-8 years before Queen, but after that, she had a few good movies.

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No stars from OTT?

The last generation of stars, known for their talent and demand, are now able to showcase their talents more through OTT. However, the author expresses a desire to involve themselves more with the real world, rather than being consumed by the arts, stating that they are not satisfied with the current status quo.

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