JCB, Karnataka Bank tie-up for equipment financing biz
Equipment

JCB, Karnataka Bank tie-up for equipment financing biz

Karnataka Bank has signed a memorandum of understanding (MOU) with JCB India, a leading manufacturer of earthmoving and construction equipment in India. The tie-up arrangement with JCB India is expected to boost the lending avenues under the Bank’s MSME portfolio.

Under this MoU, JCB will be nominating Karnataka Bank as its finance partner where Individuals/contractors/company/partnership firms/LLP, etc., can avail loans from the bank at competitive interest rates for purchasing a wide range of world-class equipment from the product line of JCB India.

Speaking after signing the MoU, Mahabaleshwara MS, Managing Director and CEO, Karnataka Bank, said, “In line with our focus on credit growth, the Bank is at the forefront of financing MSMEs and we are indeed delighted to have signed an MoU with JCB as they mirror similar values of excellence, integrity and sustainable development. Our Bank is providing various finance schemes for the purchase of machinery/equipment to our customers with an attractive rate of interest and speedy sanction of loans through a digital platform. At Karnataka Bank, we are strongly committed to providing attractive finance schemes through collaborations of this kind.”

Present on the occasion were Balachandra YV, Chief Operating Officer; Gokuldas Pai, Chief Business Officer; Vinaya Bhat PJ, General Manager, Credit Marketing; Ravichandran S, General Manager, Credit Sanctions Department; other executives of Karnataka Bank, and senior officials of JCB India.

Speaking at the Occasion, Deepak Shetty, CEO and Managing Director of JCB India, said, "We are delighted to have signed this memorandum of understanding with Karnataka Bank for the financing of JCB machines for our customers. With the government's focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Karnataka Bank. But more importantly, it will give greater financing options to our customers while purchasing JCB machines both in urban and rural India.”

Karnataka Bank has signed a memorandum of understanding (MOU) with JCB India, a leading manufacturer of earthmoving and construction equipment in India. The tie-up arrangement with JCB India is expected to boost the lending avenues under the Bank’s MSME portfolio. Under this MoU, JCB will be nominating Karnataka Bank as its finance partner where Individuals/contractors/company/partnership firms/LLP, etc., can avail loans from the bank at competitive interest rates for purchasing a wide range of world-class equipment from the product line of JCB India. Speaking after signing the MoU, Mahabaleshwara MS, Managing Director and CEO, Karnataka Bank, said, “In line with our focus on credit growth, the Bank is at the forefront of financing MSMEs and we are indeed delighted to have signed an MoU with JCB as they mirror similar values of excellence, integrity and sustainable development. Our Bank is providing various finance schemes for the purchase of machinery/equipment to our customers with an attractive rate of interest and speedy sanction of loans through a digital platform. At Karnataka Bank, we are strongly committed to providing attractive finance schemes through collaborations of this kind.” Present on the occasion were Balachandra YV, Chief Operating Officer; Gokuldas Pai, Chief Business Officer; Vinaya Bhat PJ, General Manager, Credit Marketing; Ravichandran S, General Manager, Credit Sanctions Department; other executives of Karnataka Bank, and senior officials of JCB India. Speaking at the Occasion, Deepak Shetty, CEO and Managing Director of JCB India, said, We are delighted to have signed this memorandum of understanding with Karnataka Bank for the financing of JCB machines for our customers. With the government's focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Karnataka Bank. But more importantly, it will give greater financing options to our customers while purchasing JCB machines both in urban and rural India.”

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Real Estate

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Real Estate

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement