NRI deposits in Kerala banks cross Rs 1 lakh crore

June 22, 2015

Thiruvananthapuram, Jun 22: Deposits of non-residents (NRs) in Kerala banks have crossed Rs 1 lakh crore in the last fiscal, said a state level bankers committee (SLBC) report released here on Monday.

NRI deposits
NR deposits in Kerala banks have been growing over the years. From Rs.66,190 crore in March 2013, these climbed to Rs.93,883 crore by March 31, 2014, and further to Rs 1,09,603 crore in the last fiscal, the report said.

Kerala's State Bank of Travancore (SBT) was leading with deposits of Rs 26,613 crore by the state's immigrants, followed closely by Federal Bank with Rs 23,214 crore.

The State Bank of India has a total NR deposit of Rs 14,456 crore.

One interesting aspect of non-resident deposits is that NR deposits in all 21 nationalised banks in the state add up to Rs 23,203 crore, less than such deposits with the SBT and the Federal Bank considered separately.

The latest study report of S Irudayarajan said that 90 percent of Kerala's 23.63 lakh diaspora is working in Middle-East countries, of which United Arab Emirates accounts for 38.7 per cent, followed by Saudi Arabia at 25.2 per cent.

The exchange rate of US dollar to Indian rupee was Rs.54.28 on March 31, 2013, Rs 60.05 on March 31, 2014, and Rs 62.33 on March 31, 2015.

The SLBC report points out that the total number of branches of all banks in Kerala stands at 5,984 and 8,477 ATMs.

Total bank deposits in Kerala in the last fiscal stood at Rs 3,19,890 crore, up from Rs 2,79,655 crore in March 2014, while the total advances extended by these banks grew from Rs 1,92,010 crore in March 2014 to Rs 2,18,706 crore in the last fiscal.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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News Network
December 5,2025

Mangaluru: In a significant step to curb online hate and intimidation, Mangaluru City Police have registered a suo motu case against multiple Instagram accounts accused of circulating alleged provocative and threatening content.

While monitoring social media activity on Tuesday, Kankanady Town PSI Anitha Nikkam identified the Instagram handle ‘team_targetttt_900’ for posting a hate message alongside images of lethal weapons. Another account, ‘team_nagara_900’, allegedly shared a threatening post targeting activist Bharath Kumdelu, tagging additional pages such as KARAVALI-OFFICIAL.

Several other accounts — including ‘immu_bhai.fan’, ‘target_boy_900’, ‘kings_of_manglore’, ‘team_target_boys.900’, ‘arshad_mangalore’, ‘target_ka19_ullal’, ‘team_target__’, ‘troll_tigersz_900’, ‘tr_group_900’, and ‘team_target_900’ — are also under scrutiny for spreading similar inflammatory material, police said.

Authorities have urged citizens, especially young social media users, to report suspicious pages and avoid engaging with groups that glorify violence or threaten individuals. Online hate can quickly escalate into real-world harm, and police stress that sharing or promoting such content can attract legal consequences.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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