Ashok Leyland, the Hinduja Group flagship, and Bank of Baroda signed a Memorandum of Understanding today wherein Bank of Baroda will fund Ashok Leyland’s end-customers as well as finance its dealers’ inventory. This tie-up enables Ashok Leyland to utilize Bank of Baroda’s comprehensive network and reach to service the value chain, from wholesale to retail.
“Cost effective funding is what is crucial at these times. And the solutions offered by Public Sector Banks would help our customers and dealers on this front”, said Mr. K Sridharan, Chief Financial Officer, Ashok Leyland. This understanding is an important milestone in the long relationship Ashok Leyland enjoys with Bank of Baroda. Ashok Leyland’s dealers and customers stand to benefit from Bank of Baroda’s superior financial product portfolio.
Recognizing the wide reach and financial strength of Public Sector Banks, Ashok Leyland has already entered into MoUs with State Bank of India, State Bank of Patiala, Jammu & Kashmir Bank and Corporation Bank.
Source:Ashok Leyland
“Cost effective funding is what is crucial at these times. And the solutions offered by Public Sector Banks would help our customers and dealers on this front”, said Mr. K Sridharan, Chief Financial Officer, Ashok Leyland. This understanding is an important milestone in the long relationship Ashok Leyland enjoys with Bank of Baroda. Ashok Leyland’s dealers and customers stand to benefit from Bank of Baroda’s superior financial product portfolio.
Recognizing the wide reach and financial strength of Public Sector Banks, Ashok Leyland has already entered into MoUs with State Bank of India, State Bank of Patiala, Jammu & Kashmir Bank and Corporation Bank.
Source:Ashok Leyland
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