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.”