Bank of Baroda (BoB) has tied up with Toyota Kirloskar Motor (TKM) to enable finance options for the automaker's customers and dealers. Following the pact, BoB will be one of the preferred financiers for the entire range of vehicles sold by TKM. The new service facilitates customers to avail customized solutions such as high on-road funding of 90 per cent, long repayment period of 84 months, no prepayment or foreclosure charges.
This alliance augments bank’s focus on retail auto finance business and will give value to its as well as Toyota's customers. This relationship will augment MSME segment with dealer finance program and retail segment with auto loan finance and also provides an opportunity to cross-sell other bank products to these dealers.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
Company Name | CMP |
---|---|
SBI | 818.35 |
Bank Of Baroda | 255.65 |
PNB | 123.85 |
Canara Bank | 548.20 |
Union Bank Of India | 142.05 |
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