Karnataka Bank, one of the leading Private Sector Banks of India has joined hands with TVS Motor Company, the flagship company of the 100 year old TVS Group, by entering into a Memorandum of Understanding (MOU) for financing the customers who intend to purchase Passenger Auto Rickshaws manufactured by the latter. The Bank will provide hassle free finance on easy terms to the eligible persons availing finance under this MOU.
Karnataka Bank at present has more than 625 Branches across India and 61 lakhs accounts under Current & Savings Bank category. Bank is aiming to cross 68 lakhs Current & Savings Bank customer base by March 2015. The bank has posted a threefold jump in its net profit at Rs 88.46 crore for the quarter ended September 30, 2014 as compared to Rs 28.95 crore for the same quarter in the previous year.
