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."


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture