Press Release

 

 

Karnataka Bank- Bajaj Auto - MOU

 

Karnataka Bank Ltd., one of the leading Private Sector Banks of India has joined hands with M/s.Bajaj Auto Ltd., Pune, for financing the customers who intend to purchase 3-wheeler passenger & cargo vehicles manufactured by the latter. 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. Sri.B.Ashok Hegde, General Manager (Retail Finance Division) of Karnataka Bank Ltd and Sri.Ashwin Jaikant, General Manager, Bajaj Auto Ltd., have signed a Memorandum of Understanding (MOU) in this regard at Bank’s Head Office in Mangalore on 6^th of this month.  The Bank has over 480 branches and M/s.Bajaj Auto Ltd. has over 170 dealers, across India. Bank’s Deputy General Manager Sri Anandarama Adiga, Senior Manager Sri Udayashankar, executives of Bajaj Auto, Sri Amit Dongre, Sri Ashok Desai, and Sri.Arjun Rao from Supreme Auto Dealers Pvt. Ltd., Mangalore were present on this occasion.