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    • Question

      Which NBFC became the first miscellaneous NBFC in India

      to cross ₹1 lakh crore business turnover? 
      A Manappuram Finance Correct Answer Incorrect Answer
      B Muthoot Finance Correct Answer Incorrect Answer
      C Kerala State Financial Enterprises Correct Answer Incorrect Answer
      D Shriram Finance Correct Answer Incorrect Answer
      E Bajaj Finance Correct Answer Incorrect Answer

      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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