KARNATAKA STATE FINANCIAL CORPORATION
Article Abstract:
The Karnataka State Financial Corporation (KSFC) posted a gross revenue of Rs303.83 crore for 1997-98 (Rs285.14 crore in 1996- 97). KSFC sanctioned loans worth Rs577.36 crore covering 6970 cases. This includes term loans of Rs440.76 crore, Rs17.22 crore for leasing, Rs15.77 crore for hire purchase, Rs38.38 crore to corporates and Rs65.23 crore for merchant banking. Its disbursements totaled Rs469.16 crore. KSFC focuses on the small scale sector, artisans, and disadvantaged groups. Nearly 75 percent of its loan assistance is to developing areas and growth centres. In 1997-98, it provided loans worth Rs272.31 crore to the small scale sector, Rs91.20 crore to 514 artisans, village and cottage industries. Around 6,767 local entrepreneurs were provided loans aggregating Rs455.84 crore. Loans worth Rs171.72 crore was provided to 821 scheduled caste and scheduled tribe entrepreneurs. KSFC secured ISO 9002 certification on May 26, 1998. (vv)
Comment:
Posts gross revenue of Rs303.83 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SREI INTL FIN HEADS TEAM FOR CONSTRUCTION EQUIPMENT BANK
Article Abstract:
SREI International Financial Ltd will head a group of Indian and overseas construction equipment and capital goods companies to set up a construction equipment bank. Companies which have shown interest in the venture are the Indian division of Svedala, Sweden, Caterpillar of the US, the joint venture of Hitachi and Telco, Volvo and Larsen & Toubro. The bank will operate as a leasing company to hire out expensive equipment for project work. (khr)
Comment:
SREI International Financial Ltd will head a group of Indian and overseas construction equipment and capital goods companies to set up a construction equipment bank.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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