SBoP , Mahindra & Mahindra signs memo

The State Bank of Patiala has signed a memorandum of understanding with Mahindra and Mahindra Limited for vehicle finance.

The State Bank of Patiala has signed a memorandum of understanding with Mahindra and Mahindra Limited for vehicle finance.

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The memorandum was signed by Purshottam Behera, general manager, SBoP (planning) and Arun Malhotra, chief sales and customer care officer of a private car company.

Behera said this would enable company's customers to avail vehicle loan from any of the 1,175 branches of the bank.

He said both the parties have mutually agreed to pool their resources together to promote, market and make available organized finance facility at competitive interest rates to the customers.