Thanks to NRIs, 3 small Gujarat villages each have Rs 2,000 crore bank deposits

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Thanks to NRIs, 3 small Gujarat villages each have Rs 2,000 crore bank deposits

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http://economictimes.indiatimes.com/articleshow/47700363.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Eight full-fledged branches of nationalized banks cater to just 1,292 households in the tiny hamlet Baladia, some 15km from Bhuj. The NRI-rich village boasts of bank deposits worth Rs 2,000 crore. Baladia is one of over a dozen wealthy Patel villages around Bhuj.
With 7,630 households, bank deposits in Madhapar stand at Rs 5,000 crore. Kera village, home to 1,863 families, too has deposits of Rs 2,000 crore. Almost half of this is NRI money.

No wonder bank hoardings flashing  ..

Read more at:http://economictimes.indiatimes.com/articleshow/47700363.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst