PSU lender, Vijaya Bank and Hyundai Motors India have entered into a pact to mutually help both the companies. The companies have entered into a memorandum of understanding (MoU) for this purpose.
Arvind Saxena, Director (Marketing & Sales), HMIL and K. Jayakar Shetty, GM, Vijaya Bank signed the MoU on behalf of their companies.
At this event Albert Tauro, Chairman & MD, Vijaya Bank and Smt. Shubhalakshmi Panse, Executive Director, Vijaya Bank were also present.
Mr. Saxena said, “With this association, we will be able to reach out to a wider consumer base with better and easier finance options. Also, the competitive rates and easily accessible locations of the bank will surely benefit our customers.”
According to the contract, both companies would concentrate on the car loan business by using their respective customer database. All branches of Vijaya Bank would be benefitted from the association.