IDBI bank in a tie-up with Tata Motors

By | December 31, 2009
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IDBI Bank and Tata Motors signed an agreement in Mumbai for providing auto finance to prospective customers.

According to a press release issued, Tata Motors and its dealer network would collaborate with IDBI Bank for the purpose of “retail activation” to facilitate the vehicle business. In its turn, the bank would extend finance to eligible customers for Tata Motors’ passenger cars and multi-utility vehicles. The tie-up will be of great benefit to the bank in further strengthening its position in the retail loan space.

The agreement would also help the Tata group company leverage the retail financing strength and reach of the IDBI bank.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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