Kerala Financial Corporation has reported a remarkable growth in critical operational areas such as loan disbursements, sanction, recoveries and interest income during 2012-2013.
Sanctions to micro, small and medium enterprises have increased by 22.70 per cent to Rs 661.39 crore and disbursements to Rs 475.96 crore.
Total recoveries also grew 15.64 per cent to Rs 540.22 crore. Net assets increased 14.27 per cent to Rs 1,417 crore. Net profit of the company is expected to cross the Rs 50 crore-mark, highest ever.
Mr. P. Joy Oommen, chairman and managing director of KFC, said that the improved results became possible through inspired performance by staff, scientific appraisal and systematic efforts in recovery of dues.
"During 2013-14, the 60th year of incorporation, KFC will implement an innovative interest subvention scheme for manufacturing sector announced in the State Budget", Mr. Oommen added.