Chief Minister hard-sells Kerala as a potent start-up hub thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Kerala Financial Corp records all-time high portfolio
April 07, 2021
Rides on jump in loan approvals, repayments
Kerala Financial Corporation has recorded an all-time high portfolio of ₹4,700 crore for the year ending March 31, 2021, provisional figures for which show a jump in the size by ₹1,349 crore over the ₹3,351 crore of the previous year with the company riding on a significant increase in loan approvals and repayments.
Tomin J Thachankari, Chairman and Managing Director (CMD), said that 2020-21 saw loan approvals alone worth ₹4,139 crore. This is an improvement of 244 per cent over the ₹1,659 crore of the previous year. Loan disbursements also kept pace and rose 258 per cent to ₹3,729 crore from ₹1,447 crore.