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Mangalore-based private sector lender Karnataka Bank has joined hands with Chennai-based Ashok Leyland, a maker of commercial vehicles, for financing their trucks.
As per the agreement signed Karnataka Bank will provide financing to the customers who intend to buy Commercial Vehicles manufactured by the latter.
The Bank will provide finance on easy terms to the eligible persons availing finance under this MOU.
The MoU was signed by N Upendra Prabhu, General Manager(Credit-Retail Finance Division) of Karnataka Bank Ltd and Srinivasan Anand, Head-Sales financing, Ashok Leyland Ltd at the bank’s head dffice.
Ashok Leyland has over 400 dealer outlets, across India while the Bank has over 527 branches across the country.
