mangalore citybased private sector bank karnataka bank ltd has joined hands with ms tvs motors ltd by signing a memorandum of understanding mou for extending inventory fundingchannel finance facility to the authorised dealers of tvs motors ltd the bank will provide hassle free channel finance on easy terms to the eligible authorised dealers of the company for acquiring stock of vehicles under this mou meera l b aranha general manager of karnataka bank ltd and j s srinivasan vicepresident sales tvs motors ltd signed the memorandum in this regard at companys sales head office in bangalore the bank has over 618 branches across india and ms tvs motor company is a leading manufacturer of wide range of powered twowheelers and threewheelers spares and accessories with wide dealer network conference of authorized dealers of the company was conducted at bangalore and hubli for familiarization of the channel finance facility tnnbeing provided by the bank