JCB, Karnataka Bank sign MoU for CE financing

Both parties are keen to create synergies in order tap the market for CE.

Autocar IndiaBy Autocar India calendar 20 Jul 2022 Views icon6662 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

JCB and the Karnataka Bank have signed a Memorandum of Understanding (MOU) to finance CE equipment, the bank has said in a press release.

Deepak Shetty, CEO and Managing Director of JCB India said, “With the Government's focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Karnataka Bank. But more importantly, it will give greater financing options to our customers while purchasing JCB machines both in urban and rural India.” 

Mahabaleshwara M.S, Managing Director & CEO, Karnataka Bank, said, “In line with our focus on credit growth, we are at the forefront of financing MSMEs and we are indeed delighted to have signed an MoU with JCB as they mirror similar values of excellence, integrity and sustainable development. At Karnataka Bank, we are strongly committed to provide attractive finance schemes through collaborations of this kind.”

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