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KIADB signed MoU with HDFC Bank

Published on June 10, 2021
Current Context: The Karnataka Industrial Area Development Board (KIADB) signed MoU with HDFC Bank.
KIADB signed MoU with HDFC Bank
  • The MoU was signed to provide a wide range of financial products and services to the customers.
  • This partnership will attract more investment in Karnataka, as the partnership will enable the acquisition of industrial lands more affordable.
  • The KIADB has thus nominated HDFC Bank as its banking partner which will finance its customers.
  • The HDFC bank will offer attractive affordable financial solution and services to the companies under KIADB for upto 75% of the project.
  • Static Part: 
    • HQ of KIADB: Bengaluru
    • CEO of KIADB: N Shivashankara
    • HQ of HDFC Bank: Mumbai
    • MD and CEO of HDFC Bank: Sashidhar Jagdhishan
    • Tagline of HDFC Bank: We understand your world

Question: 

Q.1 With which bank has Karnataka Industrial Area Development Board (KIADB) signed MoU to get a wide range of financial products and services support?
a. HDFC Bank
b. Karnataka Bank
c. Canara Bank
d. UCO Bank
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