Kerala Financial Corporation posts net profit of ₹98.16 crore in 2024-25
The Kerala Financial Corporation (KFC) has posted a net profit of ₹98.16 crore for the financial year ending March 31, 2025, reflecting a 32.56% increase from the previous year. This is the highest profit in the corporation's history.
The corporation's loan portfolio also has crossed the ₹8,000 crore-mark for the first time, reaching ₹8,011.99 crore. The KFC also said on Saturday that its net worth has increased to ₹1,328.83 crore, underlining robust financial growth.
The State government has infused a capital of ₹920 crore into KFC, including ₹500 crore during this current LDF government's tenure, Finance Minister K.N. Balagopal said. 'This support has enabled KFC to offer loans to MSMEs at interest rates starting from just 5%. The growth of KFC mirrors the broader progress in Kerala's industrial sector.' Mr. Balagopal said.
The infusion of ₹200 crore in share capital in 2024–25 had helped KFC to significantly strengthen its Capital Adequacy Ratio (CRAR), now at 28.26%, well above the RBI-mandated minimum of 15% for NBFCs. In addition, KFC achieved notable progress in asset quality, bringing Gross NPA down to 2.67% from 2.88% and net NPA to 0.61% from 0.68%.
During 2024-25, KFC sanctioned ₹4,002.57 crore loans to MSMEs, start-ups and other sectors. The total loan disbursement stood at ₹3,918.40 crore and the total loan recovery, at ₹3,980.76 crore.
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