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Karnataka Bank has signed a memorandum of understanding with TVS Motor for extending channel finance facility to the authorised dealers of the company. The bank will provide channel finance on easy terms to eligible authorised dealers of the company, said a press release issued by the bank on Tuesday. Meera Aranha, General Manager of Karnataka Bank, and JS Srinivasan, Vice-President (Sales) of TVS Motor, signed the MoU in Bangalore recently.
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