November 06, 2024 02:58 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing
South Indian Bank

South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing

| @indiablooms | 28 Jun 2023, 04:19 pm

Kolkata: South Indian Bank (SIB) today signed an MOU (Memorandum of Understanding) with Mahindra and Mahindra Ltd (Automobile division) for providing the latter’s dealers with financing solutions. Under the partnership, SIB will provide unmatched dealer finance solutions to M&M’s dealers, thereby meeting their vehicle inventory funding requirements.

Speaking on the alliance, Biji S.S, Senior General Manager & Group Business Head, South Indian Bank, said, “In-line with our customer centric strategy, we are signing this MoU. This alliance augments our focus on dealer finance business and we are confident that through our diverse finance solutions, we will be able to provide their dealers with inclusive finance options. Our partnership will provide the dealers more options in funding their vehicle inventory. We are sure that it will create a synergy between our businesses and prove a benchmark in the banking and automobile industry.”

Speaking on the partnership, Baneswar Banerjee, Vice President - Sales, Automotive Division, Mahindra & Mahindra Ltd. said, “Our association with South Indian Bank will provide our dealer network with suitable inventory financing solutions. We are happy to partner with SIB which carries a similar tradition like us in serving India’s consumers with superior offerings. We look forward to working closely with SIB to further improve our value chain delivery equations and enhance our services.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.