Trivandrum: Kerala Bank, established by the state government to ensure better employment opportunities, financial security, and modern banking access for all, especially the rural population, has achieved significant growth that aligns with its founding vision, said Minister for Cooperation V N Vasavan.
Speaking at a press conference at the bank’s head office at Thiruvananthapuram to mark the completion of five years of the first elected Board of Directors this November, the Minister highlighted the bank’s progress across all key indicators.
Business Growth: Kerala Bank’s total business increased from Rs 1,01,194.41 crore in 2019–20 to Rs 1,24,000 crore, reflecting a growth of Rs 23,000 crore over five years. Between September 2024 and September 2025 alone, business grew by Rs 7,900 crore.
Investments: Investments rose from Rs 61,037 crore (March 2020) to Rs 71,877 crore, with a notable increase of Rs 5,543 crore during the last fiscal year.
Loan Performance: The bank achieved a historic milestone by surpassing a Rs 50,000 crore loan balance, currently standing at Rs 52,000 crore, comparable to major commercial banks. Emphasising its local focus, Vasavan noted that “deposits mobilised from Kerala are reinvested in Kerala’s development.”
Kerala Bank remains a key lender for Primary Agricultural Credit Societies and individuals with limited credit history, supporting inclusive growth.
100 Golden Days Campaign: Launched to counter usury and provide affordable credit, this campaign achieved Rs 2,477 crore in new gold loans within 97 days, exceeding its Rs 1,500 crore target by Rs 1,000 crore. Over 1.09 lakh new gold loan accounts and 17,000 new customers were added during this period.
Currently, Kerala Bank offers over 50 loan schemes, including 10+ MSME, 10+ women-focused, and non-resident loan products. 27% of total loans support the agricultural sector, with an agricultural loan balance of Rs 13,129 crore as of March 2025.
Ksheeramitra Milma Loans: In partnership with Milma, Kerala Bank launched dairy loans up to Rs 3 lakh and Milma franchise loans up to Rs 1 lakh, benefiting 10.6 lakh dairy farmers and 30,000 distributors. The bank has earmarked Rs 250 crore for this initiative in the current financial year.
Gopi Kottamurikkal, President; M K Kannan, Vice President; Dr Veena N Madhavan, Secretary – Cooperative Department; V Raveendran, Chairman; Jorty M Chacko, CEO, and members of the board of directors were among those present.