INSUBCONTINENT EXCLUSIVE:
Kerala Financial Corporation (KFC) posted a net profit of Rs 8.30 crore for the FY 2017-18
The net profit showed about 46% increase year-on-year
The loan sanctions registered a growth of 87.88% to Rs 724 crore, disbursements were at Rs 600 crore and total recoveries increased by 8.05%
It could bring down gross NPA to 6.37% and net NPA to 2.03% .
The corporation recently brought down its interest rate structure from the
existing 14.5% PLR to a competitive base rate of 9.5%
The credit policy of the corporation has been revamped to streamline the process of sanctions and disbursement and complete it in a time
With sustained growth in sanctions, we aim to double our loan portfolio in next three years
