SBoP signs MoU with Mahindra & Mahindra for vehicle finance

Tags: News
State Bank of Patiala today said it has signed an MoU with Mahindra & Mahindra for vehicle finance.

Under this tie up, customers of Mahindra & Mahindra could avail vehicle loan from any of the 1,175 branches of the bank.

"This is an innovative step towards providing better customer satisfaction. Both the parties have mutually agreed to pool their resources together to promote, market and make available organised finance facility at competitive interest rates to customers," bank's MD S A Ramesh Rangan said.

Arun Malhotra, Chief Sales & Customer Care Officer, Automotive Division, Mahindra & Mahindra Ltd, said, "Eighty per cent of all our vehicles are financed of which PSU banks contribute 15 per cent, which make them an important partner for us and a key sales enabler."

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E-mail ID will not be published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

  • A budget that promises to go miles in transforming the railways

    Suresh Prabhu’s rail budget has marked a departure from convention, both in style and substance.

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

Urs Schoettli

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture