It's about Business in Kerala!
Trivandrum: Kerala Financial Corporation (KFC), the pioneer industrial financing institution of Kerala, has slashed the lending rates by 0.5% for all schemes in all sectors and the interest reduction will benefit thousands of manufacturing, industrial and service sector units supported by KFC to service their loans comfortably.
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Trivandrum: The Muthoot Pappachan Foundation, the corporate social responsibility arm of Muthoot Pappachan Group, has chalked out major CSR initiatives by initiating the largest directory of blood donors in India and also partnering with the famous Soorya Film & Stage Society, for revival of trailing Indian art forms through its commitment to Theatre and Performing Arts.
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Trivandrum: HDFC Bank, India’s second largest private sector bank, commissioned its 10,001st Automated Teller Machine (ATM) earlier this week at Kovalam, the popular beach town near Thiruvananthapuram. The 10,001st ATM was inaugurated by K Jayakumar IAS, Chief Secretary to the Government of Kerala. The launch of the 10,001st ATM in Kerala follows the inauguration of the 10,000th ATM, commissioned last week at Ajmer Sharif, Rajasthan.
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Trivandrum: The Kochi based Muthoot Finance Limited, a leading gold financing company, has opened on September 17, 2012, a public issue of secured, redeemable, non-convertible debentures (‘NCDs’) of face value of Rs. 1,000 each aggregating up to Rs. 250 Crores with an option to retain oversubscription up to Rs. 250 Crores, aggregating to a total of up to Rs. 500 Crores (the ‘Issue’).
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Kochi: Fitch Ratings has affirmed the National Long-Term ratings of three Kerala-Based private sector banks. Federal Bank Limited (FBL) has been affirmed at ‘Fitch AA-(ind)’, South Indian Bank (SIB) at ‘Fitch A+(ind)’, and Dhanlaxmi Bank (Dhanlaxmi) at ‘Fitch BBB-(ind)’. The Outlooks on the National Long-Term ratings of FBL and SIB are Stable. Dhanlaxmi’s ratings remain on Rating Watch Negative (RWN). Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through objective and balanced credit opinions, research and data.
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