Karnataka Bank gains on MoU with SELCO Solar Light
Karnataka Bank rose 2.88% to Rs 59 after the bank announced the sigining of a memorandum of understanding (MoU) with SELCO Solar Light for financing solar based livelihood products to its customers.
SELCO Solar Light is engaged in the business of designing, assembling, selling, and servicing solar energy products.
Under the agreement, Karnataka Bank would provide financial support to individuals, HUF, farmers, traders, businessmen, proprietorship concerns, professionals, salaried persons, institutions, etc. to purchase the solar energy products of SELCO Solar Light in India.
