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.
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Fino 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.
Read MoreCo-operative sector in Kerala revises interest rates
Trivandrum: The Kerala government has announced a revision in the interest rates of the Primary Co-operative Societies in the State. Deposits in Co-operative Banks will now fetch a higher interest rate while loans will become cheaper.
Read MoreMuthoot Finance to support families of Covid deceased employees
Kochi: The management of Muthoot Finance, a leading gold loan NBFC based in Kerala, has decided to support the families of those employees who unfortunately lost their lives due to Covid-19 in South India.
Read MoreGovernment announces financial package for reviving KSRTC
Thiruvananthapuram: Chief Minister, Shri Pinarayi Vijayan today announced a new financial assistance package for the debt-ridden Kerala State Road Transport Corporation (KSRTC).
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