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Corporation Bank signs MoU with SAME

MANGALORE: Corporation Bank has signed a memorandum of understanding with SAME Deutz-Fahr India Pvt. Ltd., a reputed manufacturer of tractors. Under the agreement, the bank would collaborate with the company for financing tractors to the farmers. This also makes the bank, the `favoured Bank' of the company for financing their tractors. A release from B. R. Bhat, Deputy General Manager, Corporate Office, here on Wednesday stated that the bank had formulated a number of innovative loans schemes for farmers at highly competitive interest rates. Apart from the low interest rates, the bank has also relaxed the margin and security norms to facilitate easy and affordable credit to the farmers. The agreement was signed at the bank's Corporate Office by M. R. Nayak, General manager of the bank, and Vineet Kapoor, Head, Marketing Services, SAME Deutz-Fahr India Pvt. Ltd.

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