NRI deposits grow to Rs.85 bn in Kerala bank
Facebook Twitter google+ RSS Feed

NRI deposits grow to 85 bn in Kerala bank

Thursday, 24 May 2007, 07:00 Hrs
Printer Print Email Email
Thiruvananthapuram: NRI deposits in Kerala's State Bank of Travancore (SBT) have grown by 9.14 percent to touch 85.95 billion ($2 billion) in the last fiscal.

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

Net profit of the bank has grown from 2.5 billion to 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.
Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT