KSFC hands CM Siddaramaiah ₹28.84 cr dividend at Vidhana Soudha
Synopsis
The Karnataka State Financial Corporation (KSFC) presented Chief Minister D.K. Siddaramaiah with a ₹28.84 crore dividend cheque at Vidhana Soudha on 30 October 2026, backed by ₹1,086.67 crore in loans sanctioned and a post-tax profit of ₹100.01 crore in FY 2025-26.
Key Takeaways
KSFC handed a ₹28.84 crore dividend to CM D.K.
Siddaramaiah at Vidhana Soudha on 30 October 2026 .
The corporation sanctioned ₹1,086.67 crore in loans across various credit schemes in FY 2025-26 .
Actual loan disbursement stood at ₹722.15 crore , while loan recoveries totalled ₹790.32 crore .
KSFC recorded a pre-tax profit of ₹155.23 crore and a post-tax profit of ₹100.01 crore for the year.
The cheque was presented by Ritesh Kumar Singh , Additional Chief Secretary (Finance) and KSFC Chairman.
Nakul and General Manager Manjunathaswamy B.S. were among officials present at the handover.
A ₹28.84 crore dividend cheque changed hands at Vidhana Soudha on Friday, 30 October 2026 — and the numbers behind it tell a story of a state financial institution quietly hitting its stride. The Chief Minister's Office of Karnataka announced that the Karnataka State Financial Corporation (KSFC) handed the dividend to Chief Minister D.K. Siddaramaiah, underscoring a profitable year for the public lender.
KSFC's ₹1,086 crore lending push in 2025-26
In the financial year 2025-26, KSFC sanctioned loans worth ₹1,086.67 crore across various credit schemes. Of that, ₹722.15 crore was actually disbursed to borrowers — putting working capital and term credit into the hands of small and medium enterprises across Karnataka. The corporation also recovered ₹790.32 crore in loan repayments during the same period, a recovery figure that outpaced disbursals and signals healthy portfolio discipline.
₹155 crore pre-tax profit and a surplus handed to the state
KSFC posted a pre-tax profit of ₹155.23 crore and a post-tax profit of ₹100.01 crore for 2025-26, making the ₹28.84 crore dividend a direct transfer of surplus earnings back to the state exchequer. The cheque was formally handed over by Ritesh Kumar Singh, Additional Chief Secretary of the Finance Department who also serves as Chairman of KSFC.
Senior officials present at the ceremony included S.S. Nakul, Secretary to the Chief Minister and Managing Director of KSFC, and Manjunathaswamy B.S., General Manager of the corporation.
For a state development finance institution whose mandate is to channel credit to businesses that commercial banks often overlook, returning a near-₹29 crore dividend while maintaining robust recoveries is a performance metric the government will point to with satisfaction. The real gauge of KSFC's health, however, will be whether disbursals scale further in the coming year — and whether that recovery discipline holds as the loan book grows.
Point of View
A profitable public lender that does not drain the exchequer — but instead contributes to it — carries both financial and political symbolism. The strong recovery ratio (₹790 crore collected against ₹722 crore disbursed) suggests management is prioritising portfolio quality, though it also raises a question about whether lending ambitions are being calibrated too conservatively for the MSME sector KSFC is meant to serve. The real test of this institution's health will come as it attempts to scale disbursals without compromising on recoveries.
NationPress
30 Oct 2026
Frequently Asked Questions
What is KSFC and what does it do?
KSFC, the Karnataka State Financial Corporation, is a state-owned development finance institution that provides term loans and credit facilities primarily to small and medium enterprises in Karnataka that may not qualify for mainstream bank financing.
How much dividend did KSFC pay to the Karnataka government in 2026?
KSFC paid a dividend of ₹28.84 crore to the Karnataka government for the financial year 2025-26, presented as a cheque to Chief Minister D.K. Siddaramaiah at Vidhana Soudha on 30 October 2026.
What was KSFC's profit in FY 2025-26?
KSFC recorded a pre-tax profit of ₹155.23 crore and a post-tax profit of ₹100.01 crore in the financial year 2025-26.
How much did KSFC disburse in loans in FY 2025-26?
KSFC sanctioned ₹1,086.67 crore in loans and disbursed ₹722.15 crore during FY 2025-26, while recovering ₹790.32 crore in repayments.
Who is the Chairman of KSFC?
Ritesh Kumar Singh , the Additional Chief Secretary of Karnataka's Finance Department, serves as the Chairman of KSFC. He presented the dividend cheque to the Chief Minister.
