Karnataka Bank has launched a new product viz. KBL Micro Mitra, wherein financial assistance up to Rs 10 lakh can be provided to the Micro manufacturing and service enterprises either for working capital or for investment purposes. The facility comes with a simplified procedure and competitive rate of interest. The bank will also come out with the digital version of the product shortly.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
