Trivandrum: Kerala Financial Corporation, a Thiruvananthapuram-based Financial Institution, has successfully raised Rs 307 crores by issuing Non-Convertible Debentures (NCDs). The 10-year term bond was raised through the BSE Electronic Book Platform (EBP) on March 13, 2024, at a coupon rate of 8.89%.
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South Indian Bank net profits up
Trivandrum: The Thrissur-based private sector South Indian Bank has declared a net profit of Rs. 275 crores for the second quarter of this financial year (Q2 FY 2023-24) registering a growth of 23.2% as compared to Rs. 223 crores during the same period in the last fiscal.
Read MoreICICI Bank inaugurates 200th branch in Kerala
Kochi: ICICI Bank has opened up its 200th branch in Kerala. Based at Companypady, Aluva, the branch is equipped with an ATM-cum-Cash Recycler Machine (CRM) that offers cash deposit and withdrawal services to customers. Interestingly, ICICI Bank had set up its first branch in the state in Ernakulam.
Read MoreKerala Financial Corporation raises Rs 750 cr through NCD
Trivandrum: Kerala Financial Corporation (KFC) has successfully raised Rs. 750 crores in two tranches by issuing Non-Convertible Debentures (NCDs). The issue has a term of 10 years and was raised through the BSE BOND, the Electronic Book Platform (EBP) of BSE. The first tranche of Rs. 476.50 crores was raised at a coupon rate of 8.90% on March 23, 2023 while the second tranche of Rs. 273.50 crores was raised at a coupon rate of 8.63% on April 28, 2023.
Read MoreFino Payments Bank expands in Kerala with Trivandrum branch
Trivandrum: Fino Payments Bank, a fintech company offering digital financial products with a focus on payments, has expanded its presence in Kerala with the inauguration of its latest branch in the capital city. The key products offered by the bank include CASA accounts, debit cards, domestic remittances and micro-ATM facilities.
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