Thiruvananthapuram, May 25 (PTI) Kerala Financial Corporation (KFC), the state-run development financial institution, has announced its highest-ever annual net profit of ₹98.16 crore for the financial year ending March 31, 2025, marking a 32.56 per cent rise from the previous year. The Corporation’s total loan portfolio crossed the ₹8,000 crore mark for the first time, reaching ₹8011.99 crore. Its net worth also rose to ₹1,328.83 crore, reflecting strong financial health, an official release said here on Sunday. KFC’s improved performance comes on the back of continued government support. The Kerala government has so far infused ₹920 crore in share capital, including ₹500 crore during the current administration. This backing has enabled the Corporation to provide loans to micro, small and medium enterprises (MSMEs) at interest rates starting from five per cent, said State Finance Minister K N Balagopal in a social media post. In FY 2024–25, KFC received an additional ₹200 crore in share capital, which helped it improve its Capital Adequacy Ratio to 28.26 per cent, well above the 15 per cent required by the Reserve Bank of India for non-banking financial companies. The Corporation also reduced its Gross Non-Performing Assets (NPA) to 2.67 per cent from 2.88 per cent, while Net NPA dropped to 0.61 per cent from 0.68 per cent. KFC sanctioned ₹4002.57 crore in loans during the year, with disbursements at ₹3918.40 crore and recoveries of Rs.3980.76 crore. “This performance highlights KFC’s sound lending practices. With a Net NPA of less than 1 per cent, we remain committed to strengthening Kerala’s MSME and startup ecosystems,” said Managing Director Dr Sriram Venkitaraman IAS. Through the Chief Minister’s Entrepreneurship Development Programme (CMEDP), KFC has supported 3028 MSMEs with ₹1030.89 crore in loans at 5 per cent interest, creating around 81,634 jobs. Under the Startup Kerala Scheme, 72 startups received collateral-free loans totalling ₹95.20 crore. Looking ahead, KFC aims to expand its loan portfolio to ₹10,000 crore by the end of 2025. To achieve this, the Corporation will broaden its focus to include tourism and other emerging sectors. It also plans a major digital upgrade to improve services and operational efficiency, Venkitaraman added. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Kerala Financial Corporation announces unprecedented net profits.
