Karnataka Bank has signed a Memorandum of Understanding (MoU) with Hyundai Construction Equipment India, construction and earthmoving equipment manufacturer. The partnership with Hyundai is expected to broaden the Bank’s MSME funding prospects.
![Karnataka Bank Karnataka Bank](https://i0.wp.com/udaipurkiran.com/wp-content/uploads/2019/10/Karnataka-Bank.jpg?resize=435%2C271&ssl=1)
This MoU will allow both Hyundai and Karnataka Bank to provide consumers with customised financial solutions. With this tie up, 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 purchase of a wide range of equipments from the product line of Hyundai Construction Equipments India.
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.