Banks Compete For NRI Deposits Amid Changing Investment Trends

Competition among banks to attract non-resident Indian (NRI) deposits is intensifying, especially in Kerala, a hub for NRI remittances. With resident Indians exploring alternative investments, banks are focusing on the NRI segment for long-term, stable funding. Federal Bank’s Shalini Warrier highlighted that NRIs seek secure, profitable avenues for their funds, making them a valuable deposit base.