Kerala Financial Corporation
@kerala_financial_corporation
Thiruvananthapuram, Keralahttp://www.kfc.org Financial ServicesOverview
About Kerala Financial Corporation
The Kerala Financial Corporation (KFC), a public sector undertaking, is a state-owned financial corporation. The Kerala Financial Corporation (KFC) was established by the State Government as per the State Financial Corporations Act of 1951, passed by the Parliament of India, to accelerate the industrial growth of the state of Kerala. The corporation was formally founded as the Travancore Cochin Financial Corporation on 1 December 1953 and was later renamed Kerala Financial Corporation in 1956 following the state's reorganization. KFC now has 21 branch offices with its headquarters in Thiruvananthapuram.
The Corporation has sanctioned loans to around 65,000 enterprises to date. The Kerala Financial Corporation is also recognized as one of the best-performing state financial institutions in India.
KFC Startup Kerala, a flagship initiative of the KFC, provides comprehensive support to promising startups at all stages. KFC's Kerala MSME Bill Discounting Platform is aimed to ensure liquidity to MSMEs by discounting their outstanding bills from the government. The corporation launched the platform in association with Receivables Exchange of India Limited (RXIL), an RBI-approved company. RXIL is a joint venture of the Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India (NSE).
The institution reported a substantial increase in net profit in financial year 2023-24, reaching ₹74.04 crore, marking a 47.54% rise from the previous year’s figure of ₹50.19 crore. The loan portfolio exceeded ₹7,000 crore for the first time, reaching ₹7,368 crore, while its net worth touched ₹1,064 crore.
The Corporation has sanctioned loans to around 65,000 enterprises to date. The Kerala Financial Corporation is also recognized as one of the best-performing state financial institutions in India.
KFC Startup Kerala, a flagship initiative of the KFC, provides comprehensive support to promising startups at all stages. KFC's Kerala MSME Bill Discounting Platform is aimed to ensure liquidity to MSMEs by discounting their outstanding bills from the government. The corporation launched the platform in association with Receivables Exchange of India Limited (RXIL), an RBI-approved company. RXIL is a joint venture of the Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India (NSE).
The institution reported a substantial increase in net profit in financial year 2023-24, reaching ₹74.04 crore, marking a 47.54% rise from the previous year’s figure of ₹50.19 crore. The loan portfolio exceeded ₹7,000 crore for the first time, reaching ₹7,368 crore, while its net worth touched ₹1,064 crore.