Patiala, Jan 4 (UNI) State Bank of Patiala has entered into a tie-up with Ashok Leyland Limited, a flagship company of Hinduja Group, manufacturers of commercial vehicles for financing of commercial vehicles.
The main thrust areas are Punjab, Himachal Pradesh, Chandigarh and partly Haryana.
Under the tie-up, State Bank of Patiala will be preferred financier for financing Ashok Leyland vehicles in these areas.
The Bank has targeted to finance minimum 1000 vehicles upto March, 2008. The Bank officials, the vehicle manufacturer and the dealers are upbeat of the business to be generated under this tie-up, opening up newer markets.
The launch of the product was kicked off during a meeting with the dealers held at Patiala yesterday, attended by Diwakar Gupta Chief General Manager, and R.C. Baldua General Manager (Operations) of State Bank of Patiala and Shri R. Narayanan, Advisor (Vehicle Finance), Ashok Leyland Ltd., besides others.
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