Karnataka Bank signs MoU with Reliance Capital

India Infoline News Service | Mumbai |

The Bank has over 550 branches and the Reliance Capital Ltd has over 230 million customers, across India.

Karnataka Bank Ltd., one of the leading Private Sector Banks of India, has joined hands with M/s. Reliance Capital Limited, Mumbai, a constituent of Reliance Group and one of India's leading & amongst the most valuable financial services companies in the private sector, by entering into a Memorandum of Understanding(MOU) for financing the Micro, Small and Medium Enterprises (MSMEs) through co-financing arrangement. The Bank will provide fund based/Non Fund Based finance to the eligible MSMEs referred by Reliance Capital Ltd., as per the norms of the Bank.


In this regard, a Memorandum Of Understanding (MOU) has been signed by Sri.N Upendra Prabhu, General Manager(Cre 'it-Retail & Mid-Corporate Finance Division) of Karnataka Bank Ltd and Sri.K V Srinivasan, Chief Executive Officer-Reliance Commercial Finance, Reliance Capital Ltd., at Bank's Head Office in Mangalore on July 4th 2013 in the presence of Sri P.Jayarama Bhat, Managing Director & Chief Executive Officer of the Bank.


The Bank has over 550 branches and the Reliance Capital Ltd has over 230 million customers, across India. Bank's Deputy General Managers Sri V.N.Manohar(HO-RMFD) & Sri B Nagaraja Rao(RO-Mumbai), Asst. General Manager Sri.Mahalingeshwara K, Senior Manager Sri. Udayashankar and the Chief Treasury Officer of Reliance Capital Ltd., Sri Suresh Babu K were present on this occasion.

 

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