STOCK MARKET BSE NSE

Ashok Leyland Ties Up With Bank of Maharashtra for Financing

Published: 25th October 2014 04:00 PM  |   Last Updated: 25th October 2014 04:00 PM   |  A+A-

By PTI

NEW DELHI: Hinduja Group flagship company Ashok Leyland has signed a memorandum of understanding (MoU) with Bank of Maharashtra for financing of vehicles.

"Ashok Leyland and Bank of Maharashtra signed an MoU whereby Bank of Maharashtra will extend retail financing to customers of Ashok Leyland's commercial vehicles," the company said in a BSE filing today.

"With this tie-up Ashok Leyland will have access to 1,700 branches of Bank of Maharashtra and will be able to provide more efficient and effective service to its customers," it added.

Commenting on the tie-up, Ashok Leyland CFO Gopal Mahadevan said: "The tie-up will help our customers get greater access to finance, especially in the West and South India."

The MoU was signed by Bank of Maharashtra General Manager Credit Priority Phillip D'Silva and Ashok Leyland VP-Finance K Ram Kumar.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp