Kerala Financial Corp records all-time high portfolio
April 07, 2021
Rides on jump in loan approvals, repayments
Kerala Financial Corporation has recorded an all-time high portfolio of ₹4,700 crore for the year ending March 31, 2021, provisional figures for which show a jump in the size by ₹1,349 crore over the ₹3,351 crore of the previous year with the company riding on a significant increase in loan approvals and repayments.
Tomin J Thachankari, Chairman and Managing Director (CMD), said that 2020-21 saw loan approvals alone worth ₹4,139 crore. This is an improvement of 244 per cent over the ₹1,659 crore of the previous year. Loan disbursements also kept pace and rose 258 per cent to ₹3,729 crore from ₹1,447 crore.
Publication of the Report of the SME Taskforce: SME and Entrepreneurship Growth Plan
Minister of State Damien English TD and Minister of State Robert Troy TD have today welcomed the publication of the SME Taskforce’s, ‘SME and Entrepreneurship Growth Plan’.
The Growth Plan was developed by a taskforce of entrepreneurs, business leaders and other individuals as established under a commitment in the Programme for Government – ‘Our Shared Future’ and who are uniquely positioned to contribute to a long-term vision for the SME sector in Ireland.
The SME Taskforce’s Growth Plan sets out a wide range of recommendations for Government with long-term strategic relevance for SMEs and entrepreneurs, including in the areas of digitalisation, clustering, regulation and education. These recommendations will be reviewed and taken forward, as appropriate, by an SME and Entrepreneurship Implementation Group in early 2021.
,,,Emefiele: The passionate, patriotic Central Banker
WHEN Godwin Emefiele assumed office as the tenth indigenous Governor of the Central Bank of Nigeria, CBN, in June 2014, he never equivocated about his desire to lead a Central Bank that spends its energies on building a resilient financial system that can serve the growth and development needs of the Nigeria economy.
Coming to the table with almost three decades of banking experience, Emefiele unveiled a ten-point agenda, which spelt out his plan to make the CBN more people-focused.
He said the Bank’s policies and programmes would be geared towards supporting job creation and fostering inclusive growth, in addition to key macroeconomic concerns such as inflation and exchange rate stability.