The Kerala Financial Corporation (KFC) has declared a dividend of ₹21 crore to the State government. The decision was taken in the 70th annual general meeting of KFC held here on Monday.
The meeting has also adopted the financial statements for the year ended March 31, 2023 and decided to declare a dividend of ₹5 per share. KFC recorded its best-ever performance in its 70 years of history in the 20223-23 financial year. It has quadrupled its net profit to ₹50.19 crore.
The loan portfolio reached ₹6,529.40 crore recording a growth of 37.44%. The gross NPA has been brought down to an industry-leading performance of 3.11% and net NPA to 0.74%. The State government holds 99% of the shares in KFC.
