Media Release

Mangalore, Jun 22: Karnataka Bank Ltd, one of the leading private sector banks of India, has joined hands with M/s Tata Motors Ltd, Mumbai, for financing the customers who intend to purchase cars and other light motor vehicles manufactured by the latter.

The bank will provide hassle free finance on easy terms to the persons availing finance under this MOU.

The loans will also be available under CGTMSE scheme to the eligible customers and no collateral security/guarantee would be insisted for such loans. Mahabaleshwara M S, general manager (Credit-Retail Finance Division) of Karnataka Bank Ltd and Ramesh Dorairajan, head-retail, channel finance and insurance, Tata Motors Ltd, have signed a Memorandum Of Understanding (MOU) in this regard at bank’s head office recently in Mangalore. 

The Bank has over 500 branches and M/s Tata Motors has over 700 touch points, across India.

Bank’s deputy general manager V N Manohar, assistant general manager Mahalingeshwara K, chief manager Sumana Ghate, senior manager Udayashankar, executives of Tata Motors, Prasan Swaminathan, area manager, Mangalore and Guruprasad, manager-retail channel finance and insurance,  were present on this occasion.