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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

32.61 0.89 (2.81%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1036.15
PNB 105.40
Bank Of Baroda 251.00
Canara Bank 128.80
Union Bank Of India 164.50
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