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Karnataka Bank Ltd has signed a memorandum of understanding with Ashok Leyland Ltd for financing of commercial vehicles.
A press release by the bank said here on Monday that the bank will provide finance on easy terms to the eligible persons availing finance under this MoU. The bank has over 527 branches and Ashok Leyland has over 400 dealer outlets across India, it said.
N. Upendra Prabhu, General Manager of Karnataka Bank, and Srinivasan Anand, Head-Sales Financing, Ashok Leyland Ltd, have signed the MoU in Mangalore recently, the release added.
vinayak.aj@thehindu.co.in
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