IDBI Bank ties-up with Tata Motors to provide auto finance
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Last Updated: Thursday, December 03, 2009, 20:14
  
Mumbai: IDBI Bank and Tata Motors, today signed an agreement for providing auto finance to prospective customers.

As per the memorandum of understanding signed (MoU), Tata Motors and its dealer network would collaborate with IDBI Bank for the purpose of "retail activation" to facilitate the vehicle business, a press release said.

The bank would extend finance to eligible customers for Tata Motors' passenger cars and multi-utility vehicles.

The tie-up will benefit the bank in further strengthening its position in the retail loan space.

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

PTI


First Published: Thursday, December 03, 2009, 20:14


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