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J&K Bank signs MoU with Tata Motors
9/1/2012 11:49:03 PM
early times report
Srinagar, Sept 1: J&K Bank entered into a business tie-up with Tata Motors Ltd, leading car manufacturing company of the country, to facilitate swift and hassle-free finance for purchase of their manufactured cars.
S K Bhat, President (Strategy and Business Development/Finance), J&K Bank and Ramesh Dorairajan, Head Retail, Channel Finance & Insurance/PCBU, Tata Motors Limited signed the MoU here today at Bank's corporate headquarters. The MoU will allow the Bank to be one of the preferred retail financiers of Tata Motors' car business.
Speaking on the occasion, S. K Bhat said, "The tie-up with Tata Motors Limited will open new vistas for both the company and the bank. The bank wants to enhance the car loan finance segment and extend the car finance at competitive rates and with a speedy disposal."
We are very glad to be associated with Tata Motors Limited. We have been among top performers in passenger car financing and will promote this tie-up through the network of our Business Units across the country, he added.
Expressing pleasure over this business partnership Dorairajan said, "We are happy to tie-up with J&K Bank as we will be able to leverage the vast network of the bank for retail financing. We are confident that our growing network will further drive this tie up."
Present on the occasion were Rajni Saraf, Vice President J&K Bank and Harkamal Mangat, Manager, Retail Finance (North), Tata Motors Limited and other senior officers of the bank and Tata Motors.
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