The headquarter of Karnataka Bank has signed a Memorandum of Understanding (MoU) with JCB India Ltd.

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As per the company’s agreement, JCB will be nominating Karnataka Bank as its ‘preferred financier’ wherein individuals, contractors, companies and partnership firms can avail of loans from the bank at competitive interest rates for purchasing a wide range of equipment from the product line of JCB India Limited.

Under the portfolio of MSME, the arrangements with JCB India are expected to boost the lending avenues.