Thiruvananthapuram, Jan 1 (UNI) The Kerala State Financial Enterprises (KSFE) has transferred a dividend of Rs 70 crore to the Kerala Government for the financial year 2024– 25, underscoring its strong economic performance.
With this, KSFE has paid a record Rs 235 crore to the State Government during the current financial year, including dividend and guarantee commission, marking the highest-ever contribution by the state-owned financial institution.
The State Government has increased KSFE’s authorised capital to Rs 250 crore, further strengthening its operational capacity. KSFE’s total business volume has reached Rs 1.10 lakh crore so far this year, while gold loan disbursements have crossed Rs 13,000 crore.
The company has also launched initiatives to expand its outreach, with a target of extending KSFE services to one crore customers across Kerala.
