- Karnataka Bank signs MOU with SELCO to encourage renewable energy.
- Mahabaleshwara MS, CEO of Karnataka Bank, said the bank offers customers a variety of financing options to purchase solar energy products.
Karnataka Bank has inked a memorandum of understanding (MOU) with SELCO Solar Light Private Limited, designing, assembling, distributing, and servicing solar energy products for the past 27 years to bring energy to the underserved.
“This is a collaborative effort between KBL and SELCO to encourage the use of renewable energy products and, therefore, increase solar energy usage and reduce carbon emission,” Mahabaleshwara M S, managing director and CEO of Karnataka Bank, said. Our bank offers our customers a variety of financing options to purchase solar energy products, all with low-interest rates and quick loan approvals through our digital platform. Customers will be able to buy these solar energy items because to the bank’s increased presence in rural areas, making it easier for them to employ sustainable energy alternatives. The relationship demonstrates a consistent commitment to offering best-in-class services to our clients and potential SELCO product buyers.”
“Solar Power continues to be indispensable in all sectors of life today,” stated Mohan Bhaskar Hegde, CEO of SELCO. Individual and community success depends on society’s development in this field of economic cooperation. The Karnataka Bank’s numerous forays into the public realm are likewise noteworthy. Thousands of women will be able to live a more hopeful life due to this.”
Karnataka Bank’s Gokuldas Pai, chief business officer, and other executives were in attendance, as were SELCO Solar Light Private Limited’s Jagadeesh Pai, general manager operations, Guruprakash Shetty, deputy general manager, and other officials.