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KSFC net profit at Rs. 2.50 crores
BANGALORE:
Karnataka State Financial Corporation registered a provisional operating profit of Rs. 7.35 crores and a net profit of Rs. 2.49 crores for 2004-05 against a net profit of Rs. 87 lakhs during the previous fiscal. The corporation has achieved a recorded recovery performance of Rs. 564.22 crores during 2004-05, the highest in the last six years. It plans to provide loan assistance to entrepreneurs at reduced rates of interest and reduce the NPAs during 2005-07, according to the Managing Director of KSFC.
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