Ashok Leyland signs MoU with Vijaya Bank

Ashok Leyland signs MoU with Vijaya Bank
Ashok Leyland, the Hinduja Group flagship, and Vijaya Bank executed a Memorandum of Understanding by which Vijaya Bank will fund Ashok Leyland’s end-customers.

Ashok Leyland’s relationship with Vijaya Bank gets further strengthened through this process. Vijaya Bank, already active in the auto and SME space, becomes a preferred financier for commercial vehicles of Ashok Leyland.

Ashok Leyland has entered into similar MoUs with State Bank of India, State Bank of Patiala, Jammu & Kashmir Bank, Corporation Bank, Bank of Baroda, Punjab National Bank, Central Bank of India, Union Bank of India and Canara Bank seeking to capitalise on the financial strength, wide reach and commitment of PSBs to serve the Priority Sector (which includes Small Road Transport Organisations