Karnataka Bank, TVS Motors in MoU

Karnataka Bank, TVS Motors in MoU

Mangalore Today News Network

Mangalore, Oct 10, 2014: The Karnataka bank has joined hands with TVS Motors Limited for extending finance aid to the authorised dealers of the TVS Motors. The bank will provide hassle-free channel finance on easy terms to the eligible dealers for acquiring stock of vehicles of the company under the MoU.

Karnataka Bank General Manager Dr Meera L B Aranha and TVS Motors Limited Vice President (Sales) J S Srinivasan have signed the MoU at the company’s sales head office at Bangalore. Bank’s DGM (Bangalore Region) Gokuldas Pai, Chief Manager Madhava V P, Rajesh Rao, Abhijit Deshpande among others were present. Following the signing of the contract, conferences of the authorised dealers of TVS Motors have been conducted at Bangalore and Hubli for familiarization of the channel finance facility being provided by the bank.