Tuesday, 3 December 2013

Corporation Bank moves up on inking MoU with Bajaj Auto for financing 3 wheelers

Corporation Bank, public sector lender has inked a Memorandum of Understanding (MoU) with Bajaj Auto for financing 3 wheeler vehicles (Auto) manufactured by the auto major. With this tie-up, the bank will be the preferred financier for financing the Auto and will offer financing facilities to the eligible customers for purchasing the Bajaj autos through its branches.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. As on March 31, 2013, the bank has 1707 branches and 1425 ATMs.

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