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NRI bank deposits to Kerala rise 14% at Rs 2.27 lakh crore in FY21


NRI bank deposits to Kerala rise 14% at Rs 2.27 lakh crore in FY21
The World Bank also said Kerala saw $267 drop in monthly remittances per NRI, without quantifying it, though. Yet this was a massive improvement from the widespread fears the planners in the state had at about 25 per cent plunge
Kerala NRI deposits FY21
Updated Jun 29, 2021, 8:39 AM IST
Bank deposits by non-resident Keralites rose 14 per cent to Rs 2.27 lakh crore in the pandemic-hit 2020, proving wrong the prediction that the state was in for a big trouble as over 12 lakh of them had returned to the state last year. According to the World Bank data, the country received $83 billion in remittances in 2020, down just 0.2 per cent from $83.3 billion in 2019. ....

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