Corporation Bank, a public sector lender, has tied up with Atul Auto for financing commercial vehicles manufactured by the Gujarat-based company. The tie up makes the bank as the preferred financier for financing commercial vehicles of the company.
The bank has signed a Memorandum of Understanding (MoU) with the three-wheeler maker to facilitate finance for those buying its commercial vehicles across India. The bank will offer financing facilities to the eligible customers for purchasing commercial vehicles of the company 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.
