Mahindra ties up with Canara Bank for vehicle finance

uto maker Mahindra & Mahindra today said it has tied up with Canara Bank to provide loan facility to its customers.

The company has entered into a preferred financier tie-up with Canara Bank. The Memorandum of Understanding will enable Mahindra customers to avail of a car loan from any of the 4,600 branches of the bank, Mahindra & Mahindra (M&M) said in a statement.

The tie-up will enable both M&M Ltd and Canara Bank to leverage on the inherent strengths of each other's vast pan-India network of 4,600 branches and 250 dealers, respectively, it added.

"At Mahindra, we relentlessly look at options to provide the best finance schemes to our customers and give them the power of choice. This strategic tie-up is a step in the same direction," M&M Automotive Division, Chief Sales & Customer Care Officer, Arun Malhotra said.

Canara Bank Chief General Manager R R Sharma said the bank is expanding its operations in passenger vehicle financing.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amidst Sino-Indian bonhomie, the Tibet issue cannot be wished away

    Tibet did not figure in the three-day high-level meetings between India and the People’s Republic of China (PRC).

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture