Kerala Makes History, Becomes First Fully Digitally Banked State in India!

On Saturday, Kerala's chief minister, Pinarayi Vijayan, declared the State to be the first to enable digital banking on all eligible accounts.

The State-Level Bankers' Committee (SLBC) reports that at least one product in the State's 3.76 million accounts is now digitally enabled. Under the Reserve Bank of India (RBI)'s "Expanding and Deepening of Digital Payments Ecosystem" scheme, Thrissur became the first district in the State to implement digital banking in 2021.

As of March 2021, the Reserve Bank of India reported that the top 10 Indian states with the highest concentration of bank branches per 100,000 residents were:

Kerala - 137
Tamil Nadu - 116
Karnataka - 112
Andhra Pradesh - 110
Maharashtra - 109
Gujarat - 107
Uttar Pradesh - 106
Telangana - 103
West Bengal - 99
Punjab - 95