Karnataka Bank launches KBL Micro Mitra, an exclusive product for Micro entrepreneurs

The Karnataka Bank has launched a new product viz. KBL Micro Mitra, wherein financial assistance up to Rs.10 lakhs can be provided to the Micro manufacturing and service enterprises either for working capital or for investment purposes. The facility comes with a simplified procedure and competitive rate of interest.

While launching the product Shri Mahabaleshwara M. S., MD & CEO of the Bank said that "Micro and Small entrepreneurs play a vital role in the revival of the economy both in rural and urban India, besides creating huge job opportunities locally. As the economy is now in revival mode, timely credit assistance is crucial and I am sure 'KBL Micro Mitra' will be a true friend of the micro entrepreneurs. This facility is available across India through all the branches of Karnataka Bank. Bank will also come out with the digital version of the product shortly."

Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.44.15 as compared to the previous close of Rs. 42.05. The total number of shares traded during the day was 1274660 in over 5582 trades.

The stock hit an intraday high of Rs. 45.3 and intraday low of 42.4. The net turnover during the day was Rs. 56419423.

Source : Equity Bulls

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