more-inFinance Minister T.M. Thomas Isaac has stressed the need for public sector lending institutions to avoid stressed assets by ascertaining the repayment capacity of clients before sanctioning loans. Inaugurating a one-time settlement adalat held as part of a Business Conclave organised by the Kerala Financial Corporation here on Tuesday, he said the government had resolved certain issues related to bad loans. Dr. Isaac announced that the KFC would offer loans on easy terms. Pointing out that lower interest rates would be needed to attract entrepreneurs, he said the KFC would offer loans at 10 and 12% instead of the current 16%.

Source: The Hindu May 08, 2018 19:30 UTC