-Tata Motors Limited signs MoU with Karnataka Bank.
Auto Business News - 01 February 2012
Tata Motors Limited (NYSE: TTM), an India-based automaker, has signed a memorandum of understanding with Karnataka Bank.
The MoU has been signed for the bank to provide finance for the purchase of commercial, passenger and goods vehicles manufactured by the automaker.
The loans will be offered under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) Scheme, and no collateral security is required for such loans.
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