Steps to attract NRI deposits on way: Kerala minister V N Vasavan

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Kerala Bankwill soon start accepting deposits from NRIs, said minister for cooperation and registration V N Vasavan on Saturday. Speaking to reporters, Vasavan said the government is also considering linking the bank to the local self-government institutions too.

The aim is to make it to the number one position in the state. Currently, the bank occupies

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second position, he said.

In order to achieve this, various loan and deposit schemes will be launched.

He said the will strongly oppose acts like the SARFAESI Act. As part of the modernization process all the Cooperative banks will be linked to a single Network.