The bank will provide hassle free finance on easy terms under its KBL-MSE Scheme to the persons availing finance under this MoU. The loans will be covered under CGTMSE scheme and no collateral security/guarantee would be insisted for such loans.
The Memorandum of Understanding (MoU) was signed by General Manager (Retail Finance Division) of Karnataka Bank Ltd B Ashok Hegde and Bajaj Auto Ltd General Manager Ashwin Jaikant. The Bank has over 480 branches and Bajaj Auto Ltd has over 170 dealers, across India.
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