Corp Bank, Karnataka govt sign pact

Corporation Bank has signed a memorandum of understanding (MoU) with the Karnataka Government at the second edition of Global Investors Meet in Bangalore recently. A bank release said here on Tuesday that Mr Amar Lal Daultani, Executive Director of the bank, signed the MoU on behalf of the bank. It was exchanged with the Karnataka Chief Minister, Mr D.V. Sadananda Gowda. According to the MoU, Corporation Bank is declared as a banking partner of the GIM, and it and will extend all possible financial assistance to the large number of investors who had signed MoUs with the Karnataka Government, the release said.