Karnataka Bank has signed Memorandum of Understanding MOU with JCB India a manufacturer of earthmoving and construction equipment in India The tie up arrangement with JCB India is expected to boost the lending avenues under the Banks MSME portfolio Under this MoU JCB will be nominating Karnataka Bank as its preferred financier where in IndividualsContractorsCompany Partnership firmsLLP etc can avail loans from the Bank at competitive interest rates for purchasing a wide range of equipment from the product line of JCB India
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