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Welcome To IANS Live - BUSINESS - Kerala Financial Corporation ends fiscal on a high note

Photo Credit: IANS IANSLive Thiruvananthapuram, April 7 (IANS) Kerala Financial Corporation (KFC), the state s own financial institution, recorded an all-time high portfolio of Rs 4,700 crore for the financial year ended March 31, 2021 (FY 21). To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 07-April-2021

Kerala Financial Corp records all-time high portfolio - The Hindu BusinessLine

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.

Kerala Financial Corporation loan assets cross record Rs 5000 crore

Kerala Financial Corporation loan assets cross record Rs 5000 crore SECTIONS Last Updated: Feb 23, 2021, 02:32 PM IST Share Synopsis KFC has achieved the highest growth among the Government owned State Financial Corporations (SFCs) in India. This important achievement was facilitated by fresh loan sanctions of Rs 3385 crore so far in the current financial year, said Tomin J Thachankary, CMD of KFC. Getty Images State-run Kerala Financial Corporation (KFC) has surpassed the historic milestone of Rs 5000 crores in loan assets. As on December 31, the loan assets stood at Rs 5022 crore, with a whooping 176 per cent increase from the previous year figure of Rs 2838 crore.

Welcome To IANS Live - BUSINESS - Kerala: KFC loan assets cross Rs 5,000 crore

Welcome To IANS Live - BUSINESS - Kerala: KFC loan assets cross Rs 5,000 crore
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Kerala Financial Corp crosses ₹5,000-cr mark in loan assets - The Hindu BusinessLine

Kerala Financial Corp crosses ₹5,000-cr mark in loan assets February 23, 2021 × Kerala Financial Corporation, a leading State Financial Corporation, has surpassed a historic milestone of ₹5,000 crore in loan assets with the December 31, 2020-number clocking in at ₹5,022 crore, a whopping 176 per cent increase over the previous year’s ₹2,838 crore. “We have achieved the highest growth among all government-owned State Financial Corporations in the country,” said Tomin Thachankari, Chairman and Managing Director. This has surpassed expectations and has been facilitated by fresh loan sanctions of ₹3,385 crore so far in the current financial year. Lending more despite pandemic Total loan disbursals of ₹798 crore during the previous year have galloped to ₹2,935 crore during the period under reference. The performance is especially impressive since it was achieved at a time when banks and financial institutions have been reluctant to sanction loans due to the pand

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