Mangalore, Dec. 3: Corporation Bank has signed a Memorandum of Understanding [MoU] with M/s Bajaj Auto Limited for financing 3 wheeler vehicles (Auto) manufactured by the Company on all India Basis. The MoU was signed at Pune by V.S. Karthikeyan, General Manager, Corporation Bank and C.K.Rao, Vice President, Commercial Vehicles, M/s Bajaj Auto Limited in the presence of K Basavaraju, Deputy General Manager and Zonal Head, Zonal Office, Pune on November 30.
With the tie-up, Corporation Bank will be the preferred financier for financing 3 wheeler vehicles (Auto) of the Company and will offer financing facilities to the eligible customers for purchasing the Bajaj autos through its Branches.
Speaking on the occasion V. S .Karthikeyan said that, “Bank is in the forefront of offering value-added and innovative retail products and services to its customers. The tie-up with Bajaj Auto Limited is one more step in this direction”. While requesting the Company to utilize the benefits of ‘Corp SME Grand Festival Bonanza’ announced by the Bank, he has informed that the turnaround time for processing and sanctioning of loan by the bank is one of the best.
C K Rao, said that “tie up with corporation bank provides transparent deal and low interest rate to the Bajaj Auto customers and together we can help the auto customer segment.
