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The Kerala Monetary Company (KFC) has doubled its internet revenue for the yr ended March 31, 2022. As per audited financials, KFC posted a internet revenue of ₹13.09 crore in 2021-22 in comparison with ₹6.56 crore the earlier fiscal. The working revenue has elevated to ₹92 crore from ₹29 crore.
KFC was additionally in a position to management non-performing property (NPA), stated KFC Chairman and Managing Director Sanjay Kaul. Gross NPA has been introduced down to three.27% from 3.58% final yr. Web NPA is 1.28% in opposition to final yr’s determine of 1.48%.
With a mortgage portfolio of ₹4,750 crore, the web value has elevated by 2.46% to ₹695 crore and the Capital to Danger-Weighted Belongings Ratio (CRAR) stands at 22.41%.
KFC had concentrated its lending to the core MSME (micro, small and medium enterprises) sector and start-ups, lending ₹1,877 crore to these sectors within the final fiscal, the best in KFC’s historical past, stated Mr. Kaul.
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