It's about Business in Kerala!
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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Kochi: The Aluva based Federal Bank, one of the leading private commercial banks in the country, has crossed a milestone in branch expansion with the launch of its 1000th branch at Muthoor in Kerala on August 17, 2012. With this, Federal Bank has become the first Kerala based bank to cross the 1000 branch mark. The bank has 542 branches in Kerala and 458 branches spread over 24 other States.
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Trivandrum: Kerala Financial Corporation (KFC), the premier development financier in the State, has pioneered into the field of financing the entertainment industry and has brought out two schemes, which were launched by the Minister for Finance, Shri K M Mani at Thiruvanathapuram on July 06, 2012. Under the scheme, KFC will finance Rs.2 crores for movies and Rs.20 crores for building multiplexes.
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Trivandrum: UAE Exchange, a leading global remittance and foreign exchange brand, has announced that it has opened its 600th branch in the global network, strengthening the position of as the largest globally networked remittance brand in the world. This network includes 300 branches in India, which is the largest among the entire global operations of UAE Exchange.
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