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Friday, Jul 21, 2006

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Money & Banking - Credit Market
Corporate - Alliances & Joint Ventures
Agri-Biz & Commodities - Farm credit
Karnataka Bank in financing pact

Our Bureau

Mangalore, July 20

Karnataka Bank Ltd has signed a memorandum of understanding (MoU) with New Holland Tractors (India) Pvt Ltd for financing tractors and other farm equipment manufactured by the company. A bank release said here on Thursday that the finance would be extended under bank's `KBL - New Holland Sarathi Scheme'. The farmers availing of finance under the scheme will get a benefit of sum equal to the first year's insurance premium for the tractor and the tractor will carry a warranty of two years from the date of sale, the release added.

More Stories on : Credit Market | Alliances & Joint Ventures | Farm credit | HCV/LCV/Tractors | Private Banks

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