The total deposits with the commercial banking system in Kerala reached Rs 72,877 crore on December 31, 2005. Of this, the non-resident external (NRE) contribution accounted for Rs 29,641 crore. These remittances from Kerala's emigrant workers continue to prop up the State's economy. Kerala, in effect has the lowest credit deposit ration. The CD ratio is a product of the ratio of number of credit accounts to deposit accounts and the ratio of credit amount per account to deposit amount per account.
The credit-deposit ratio may be written as, (number of credit accounts X average credit amount per account) divided by (number of deposit accounts X average deposit amount per account).
Kerala reports very low amounts per credit account in almost all sub-sectors of industry, and a very high concentration of credit in food manufacturing and processing, other industries and construction.
Kerala has one of the lowest amounts per credit account in industry among all the States in India.
