Karnataka Bank has signed a memorandum of understanding (MoU) with TVS Motor Company for financing the purchase of passenger auto-rickshaws manufactured by the latter.
A press release by the bank said here on Friday that the bank would provide finance on easy terms to the eligible persons availing of finance under this MoU.
Raghurama, General Manager of Karnataka Bank , and K Subramanian, General Manger (Finance) of TVS Motors, signed the MoU in Mangaluru recently, it said.