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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).

Peers
Company Name CMP
State Bank Of India 948.20
PNB 116.50
Bank Of Baroda 237.40
Canara Bank 119.70
Union Bank Of India 172.70
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