TNN | Oct 8, 2014, 03.10 PM IST
MANGALORE : City-based private sector bank, Karnataka Bank Ltd, has joined hands with M/s TVS Motors Ltd, by signing a memorandum of understanding (MoU) for extending inventory funding/channel finance facility to the authorised dealers of TVS Motors Ltd.
The bank will provide hassle free channel finance on easy terms to the eligible authorised dealers of the company for acquiring stock of vehicles. under this MoU.
Meera L B Aranha, general manager of Karnataka Bank Ltd and J S Srinivasan, vice-president (sales), TVS Motors Ltd, signed the memorandum in this regard at company's sales head office in Bangalore. The bank has over 618 branches across India. and M/s TVS Motor Company is a leading manufacturer of wide range of powered two-wheelers and three-wheelers, spares and accessories with wide dealer network.
Conference of authorized dealers of the company was conducted at Bangalore and Hubli for familiarization of the channel finance facility. tnnbeing provided by the bank.
The bank will provide hassle free channel finance on easy terms to the eligible authorised dealers of the company for acquiring stock of vehicles. under this MoU.
Meera L B Aranha, general manager of Karnataka Bank Ltd and J S Srinivasan, vice-president (sales), TVS Motors Ltd, signed the memorandum in this regard at company's sales head office in Bangalore. The bank has over 618 branches across India. and M/s TVS Motor Company is a leading manufacturer of wide range of powered two-wheelers and three-wheelers, spares and accessories with wide dealer network.
Conference of authorized dealers of the company was conducted at Bangalore and Hubli for familiarization of the channel finance facility. tnnbeing provided by the bank.
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