Thiruvananthapuram, July 4 -- The Kerala Financial Corporation (KFC), a public sector financial institution, has declared a dividend of Rs 36.01 crore for the Kerala government.
The decision was made at KFC's 72nd Annual General Meeting of shareholders, approving a 5% dividend for its shareholders. The state government holds 99.14% of KFC's shares, with the remaining owned by the State Bank of India (SBI), Life Insurance Corporation (LIC), and Small Industries Development Bank of India (SIDBI).
In the financial year ending March 31, 2025, KFC recorded its best performance in its 72-year history, with a net profit of Rs 98.16 crore, a 32.56% increase from the previous year.
The corporation's loan portfolio crossed Rs 8,000 crore for the f...