Karnataka Bank has signed a Memorandum of Understanding (MoU) with SCHWING Stetter India, one of India's major construction equipment manufacturers. The collaboration with SCHWING Stetter is expected to broaden the Bank's MSME financing prospects.
This MoU will allow both SCHWING Stetter and Karnataka Bank to provide consumers with customised financial solutions. With this development, the bank will be designated as a financial partner and will be able to meet the needs of its customers by providing loans at competitive interest rates for the purchase of a wide range of construction equipment.
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.
