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Central Bank of India inks MOU for commercial vehicle finance

14 Apr 2014 Evaluate

Public-sector bank, Central Bank of India has signed a Memorandum of Understanding (MOU) with Tata Motors for financing of commercial vehicles in India. As per MOU, the bank will provide loan up to 85% to eligible borrowers on merit for a maximum tenure of 5 years at a very competitive rate of interest.

Central Bank of India has been serving more than 3,50,00,000 account holders with more than its 4,500 branches, 6 extension counters, 29 Satellite offices, 1,970 ATMs and 2,413 ultra small branches (USBs).

CentralBank of India Share Price

36.07 0.23 (0.64%)
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Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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