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.
Published 10 August 2011, 15:32 IST