Karnataka Bank, one of the leading private sector banks of India, has joined hands with Intech, Chennai, for financing electronic weigh bridges and other automation products in Weighing, Fire & Safety, etc., purchased from Intech, by entering into a Memorandum of Understanding (MoU). The Bank will provide finance on priority as per Bank’s norms, to the customers who intend to avail finance under this MoU.
Karnataka Bank has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for third quarter ended December 31, 2014 as compared to Rs 106.70 crore for the same quarter in the previous year. Total income of the bank has increased 17.09% at Rs 1364.69 crore for Q3FY15 as compared Rs 1165.54 crore for the corresponding quarter previous year.
