Question
Which NBFC became the first miscellaneous NBFC in India
to cross ₹1 lakh crore business turnover?Solution
Kerala State Financial Enterprises (KSFE) became the first miscellaneous NBFC in India to achieve a ₹1 lakh crore turnover, doubling from ₹50,000 crore in just four years. KSFE, a Kerala government-owned company, is known for its chitty business and has contributed significantly to the state exchequer.
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